A major economic shock has just hit the United States. On August 21, the US Bureau of Labor Statistics revealed that they had made a big mistake in the number of new jobs created over the last year. They admitted that the total number of new jobs they announced from March 2023 was overestimated by a huge amount—818,000 jobs that were reported simply didn’t exist! This is a massive miscalculation that has stunned many people.

The mistake is even clearer when you look at the monthly numbers. Previously, it was believed that around 242,000 new jobs were being added to the economy every month. But the real number was only about 174,000—a difference of roughly 30%. The big question now is: how could such a huge error happen?

Although there's no sign of a cover-up or intentional deception, one thing is clear: the US economy isn’t as strong as it once seemed. This revelation comes at a time when the unemployment rate has already risen to 4.3%. This paints a picture of an economy th...