The sheer size of the jobs revisions should give everyone pause.
1. If correct then why in the world put out wildly off the mark numbers in the first place, questions the entire credibility of the process.
2. What's the true state of the economy? Perhaps nobody has a clue.
$META +10% in a/h adding $174B in market cap
$MSFT +6.2% in a/h adding $220B in market cap
That's $394B in total market cap added in seconds in just 2 companies.
That's akin to a new $JNJ sized company created out of thin air which happens to be the 22nd most valuable company.