The Phantom Economy: What Happened When Nearly a Million U.S. Jobs Disappeared?
the staff of the Ridgewood blog
It was a quiet morning in September 2025 when the Bureau of Labor Statistics (BLS) dropped a bombshell that sent shockwaves through the nation. The agency announced a massive downward revision of its employment figures, wiping out a staggering 911,000 jobs that were previously thought to exist between March 2024 and March 2025.
