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US May/June job market were revised up to ~90% downwards and these are huge changes. To outsiders, it look worst than a CCP's managed targets for their economy I suppose? 
I asked ChatGPT for a history of large revisions - Large revisions are not frequent but does happen. But 90% revisions definitely suggest something has gone wrong (or maybe we could blame it all the the uncertainty coming from the trade war?) Someone has to take responsibility I guess and maybe Trump's firing make sense (but his reasoning doesn't)
Trump fires Bureau of Labor Statistics commissioner, raising concerns about economic data quality
The US economy created only 73,000 jobs in July. Data for May and June were revised sharply down to show 258,000 fewer jobs created than had been previously reported.
The economy added just 19,000 in May, not the 144,000 the government initially reported. June job gains were revised down to 14,000, from the 147,000 first estimated. Taken together, employment over the prior two months is 258,000 lower than previously reported.
https://www.channelnewsasia.com/world/tr...ta-5273466
ChatGPT on revisions to US monthly job market:
🔁 Notable Monthly Payroll Revisions (Nonfarm Payrolls)
📉 May & June 2025
Combined downward revision: −258,000 jobs
Initial numbers were later cut sharply after new employer data came in.
July 2025 added just 73,000 jobs, magnifying the slowdown signal.
📉 June 2023
Revised down by: −105,000 jobs
Initially reported: +209,000
Revised: +104,000
Contributed to the growing narrative that labor market strength was overstated through mid‑2023.
📈 June 2022
Revised up by: +105,000 jobs
Initial: +372,000 → Final: +478,000
Reflected stronger hiring momentum during the summer rebound.
📉 March 2021
Revised down by: −146,000 jobs (over 2 months)
A combination of noisy reopening data and misreporting led to big fluctuations.
📈 January 2021
Revised up by: +117,000 jobs
Original: +49,000 → Final: +166,000
Came amid volatile winter hiring during early vaccine rollouts.
📉 March 2020
Revised down by: −169,000 jobs
Original: −701,000 → Revised: −870,000
Reflected how initial COVID impacts were understated in real time.
📉 August 2011
Initial estimate: 0 jobs
Revised: +104,000 jobs
This revision was significant because the zero headline caused a political and market stir — only to be shown as incorrect.
I asked ChatGPT for a history of large revisions - Large revisions are not frequent but does happen. But 90% revisions definitely suggest something has gone wrong (or maybe we could blame it all the the uncertainty coming from the trade war?) Someone has to take responsibility I guess and maybe Trump's firing make sense (but his reasoning doesn't)
Trump fires Bureau of Labor Statistics commissioner, raising concerns about economic data quality
The US economy created only 73,000 jobs in July. Data for May and June were revised sharply down to show 258,000 fewer jobs created than had been previously reported.
The economy added just 19,000 in May, not the 144,000 the government initially reported. June job gains were revised down to 14,000, from the 147,000 first estimated. Taken together, employment over the prior two months is 258,000 lower than previously reported.
https://www.channelnewsasia.com/world/tr...ta-5273466
ChatGPT on revisions to US monthly job market:
🔁 Notable Monthly Payroll Revisions (Nonfarm Payrolls)
📉 May & June 2025
Combined downward revision: −258,000 jobs
Initial numbers were later cut sharply after new employer data came in.
July 2025 added just 73,000 jobs, magnifying the slowdown signal.
📉 June 2023
Revised down by: −105,000 jobs
Initially reported: +209,000
Revised: +104,000
Contributed to the growing narrative that labor market strength was overstated through mid‑2023.
📈 June 2022
Revised up by: +105,000 jobs
Initial: +372,000 → Final: +478,000
Reflected stronger hiring momentum during the summer rebound.
📉 March 2021
Revised down by: −146,000 jobs (over 2 months)
A combination of noisy reopening data and misreporting led to big fluctuations.
📈 January 2021
Revised up by: +117,000 jobs
Original: +49,000 → Final: +166,000
Came amid volatile winter hiring during early vaccine rollouts.
📉 March 2020
Revised down by: −169,000 jobs
Original: −701,000 → Revised: −870,000
Reflected how initial COVID impacts were understated in real time.
📉 August 2011
Initial estimate: 0 jobs
Revised: +104,000 jobs
This revision was significant because the zero headline caused a political and market stir — only to be shown as incorrect.