The problem(s) with conspiracy theories about revised job data
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Donald Trump has some new conspiracy theories about U.S. job numbers. They're bananas, and they reflect deep ignorance about things he ought to understand. When it comes to the U.S. job market , there’s been some tension over the last year or so between the data and the expectations. On the one hand, the Federal Reserve raised interest rates to deliberately cool the economy and lower inflation , which was expected to simultaneously reduce hiring. On the other hand, monthly job totals continued
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