.@kwelkernbc pushed back last week when I warned that the BLS jobs data would show a massive downward revision. Now it’s official: 2024 job gains were exaggerated by nearly 1M workers, and this is on top of an already reported 577K in downward revisions. This brings the Biden jobs overstatement to a staggering 1.5M. The truth: President Trump inherited a far worse economy than reported, and he’s right to say the Fed is choking off growth with high rates.