ABOUT THIS EPISODE
Americans feel almost exactly as gloomy today as they did in 1980 — when inflation was near 14% and unemployment was close to 8%. Today those numbers are a fraction of that, yet consumer sentiment hit an all-time low. Justin Wolfers treats this like a detective case: the standard economic statistics predict sentiment should sit around 82, but the actual reading is 52 — a 30-point gap begging for an explanation.
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English
United States
explicit content
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The September jobs report landed weak, and the numbers for July and August got quietly revised downward. Economist Justin Wolfers takes your questions on what that actually means — and why a statistical agency that corrects itself is more trustworthy, not less.
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