The Biden and Harris administration has told the American people not to believe their eyes, and their bank accounts, because the economy is doing fantastic, but now the truth has been discovered.

Not that the vast number of people needed confirmation of their own situations but a new report shows that the government overcounted the number of jobs created by close to one million, The Daily Caller reported.

The government overcounted the number of jobs created by a whopping 818,000 between April 2023 and March 2024, the Bureau of Labor Statistics said in a report on Wednesday.

The overcounting of jobs has created concern that an economic slowdown could be on the horizon, with some saying that a recession could have already started.

“Economists at Goldman Sachs (GS) and Wells Fargo anticipated the government had overestimated job growth by at least 600,000 in that span, while economists at JPMorgan Chase had predicted a lesser decline of 360,000, according to Bloomberg. The downward revision follows a trend of the BLS overestimating the number of nonfarm payroll jobs added, with the cumulative number of new jobs reported in 2023 roughly 1.3 million less than previously thought as of February 2024,” The Daily Caller reported.

“There’s been a clear pattern of economic data being revised down (worse) in the last several years,” The Heritage Foundation’s Grover M. Hermann Center for the Federal Budget research fellow E.J. Antoni said to the Daily Caller News Foundation. “It is very similar to the onset of the Great Recession, when the BLS was struggling to keep up with rapidly deteriorating economic conditions. Assumptions built into models no longer represented reality, although they may have just a year or two prior.”

It has also raised concerns that the fed has not cut interest rates quick enough and it could cause a recession.

“Wall Street is increasingly waking up to the fact that the economy post-covid has never been as good as the government bean counters claimed, and a recession may have already begun,” Antoni said to the DCNF. “These revisions are a violent shove in the direction of reality.”