It looks like a lot of Wall Street trades between March 2024 and March
2025 were based on a false impression of the underlying strength of the U.S.
economy:
U.S. Added 911,000 Fewer Jobs in the Year Ended in March
https://www.wsj.com/economy/jobs/us-job-growth-revision-a9777d98
Revised job numbers show significantly weaker labor picture than earlier reports indicated
Employers Added Nearly a Million Fewer Jobs Than Believed, Data Shows
https://www.nytimes.com/2025/09/09/business/jobs-revisions-economy-fed.html
Preliminary annual revisions could add to political pressure on the agency that produces the data.
Job Revisions and the Trump Economy
https://www.wsj.com/opinion/donald-trump-economy-job-revisions-bls-joe-biden-tariffs-8145ed52
Blaming Biden and the Federal Reserve for slow growth won’t work forever.
https://www.nytimes.com/2025/09/09/business/jobs-revisions-economy-fed.html
Preliminary annual revisions could add to political pressure on the agency that produces the data.
https://www.wsj.com/opinion/donald-trump-economy-job-revisions-bls-joe-biden-tariffs-8145ed52
Blaming Biden and the Federal Reserve for slow growth won’t work forever.
https://www.bls.gov/news.release/prebmk.nr0.htm