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The Bureau of Labor Statistics just issued the largest jobs revision in history — over 900,000 fewer jobs than originally reported. While the market shrugs it off as “priced in,” the reality paints a weaker labor market than Washington wants to admit. With Americans reporting record-low confidence in finding new work and faith in BLS data fading, this revision underscores what many already suspected: the economy’s “gangbuster” job growth was a fugazi all along.