Platypus Economics with Justin Wolfers10 Jun

Trump Tried to Mess With the Jobs Report. It Didn't Work. | Diving In

When the latest jobs report showed strong numbers, the internet exploded with accusations of fraud and government manipulation. And given everything the Trump administration has done—firing the head of the Bureau of Labor Statistics, attempting to install a partisan loyalist in her place—that skepticism isn't entirely unfounded. But skepticism and dismissal are two very different things. In this video, I want to give you the tools to evaluate the data yourself, rather than simply asking you to take my word for it.

Here's what most people don't realize: the jobs report isn't a single number conjured by one agency. It's built from two separate surveys, cross-checked against state unemployment records, and stress-tested every month by independent researchers and private sector data from companies like ADP and Bank of America. I've seen authoritarian governments actually manipulate their economic data—and I know exactly what that looks like. What's happening right now isn't it. In this episode, I'll walk you through the anatomy of the jobs report, explain what real data distortion looks like, and make the case for why good economics means following the evidence—even when it doesn't fit the story you expected.

4:05 6:30 How the institution quietly held 9:16 Why I believe the numbers 14:00 What distorted data really looks like 16:06 Why the labor market looks strong

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Episoder(71)

The Job Numbers Will Probably Get Revised—That’s Not A Scandal | The Professor Is In

Justin Wolfers breaks down the biggest myths surrounding the monthly jobs report, starting with why strong hiring doesn't always move the unemployment rate. He also addresses the recurring claim that ...

15 Jun 17min

Inflation Is Up—Temporary Bedfellow or Long-term Partner? | Off the Clock

The work week may be over, but the economy really never takes time off. In this week’s episode of Off the Clock, Justin Wolfers and Stacey Vanek Smith help you cut through the noise and figure out wha...

15 Jun 51min

Are Markets Getting Suckered By Trump's Truth Socials? | Diving In

What happens when markets have to price the risks of war and presidential credibility at the same time? In this episode, Justin Wolfers explains why U.S. stocks keep rising and falling with Trump’s Tr...

11 Jun 8min

The Future of Work Is Care—Can Men Adapt? | The Professor Is In

America keeps talking about manufacturing — but the labor market is growing elsewhere. In this Q&A, Justin Wolfers answers audience questions and responds to subscriber comments from his recent episod...

8 Jun 24min

Why The Stock Market Hated May’s Strong Jobs Report | Off the Clock

In this episode of Off the Clock, Justin unwinds the week’s economic news with his friend, Stacey Vanek Smith—senior writer for Bloomberg Businessweek and cohost of the Everybody’s Business podcast. T...

6 Jun 51min

The Pink-Collar Economy Is Here | Diving In

Since the start of President Trump’s second term, women have received 86% of net new payroll jobs and now hold slightly more non-farm payroll jobs than men. In this episode, Justin Wolfers explains wh...

3 Jun 13min

A Gas Tax Holiday Is Performative Nonsense | The Professor Is In

What happens when politicians try to look like they’re fixing high gas prices without actually fixing them? Justin Wolfers explains why a federal gas tax holiday is bad economics, good theater, and a ...

30 Mai 22min