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For nearly two years, the job market Americans were told about has been significantly stronger than the one that actually existed, and the Federal Reserve made a major policy decision based on numbers that have since been quietly rewritten.
The Bureau of Labor Statistics reported on Oct. 2 that employers added 29,000 jobs in September. Forecasters had expected 84,000. The revisions in the same report were worse. July went from 21,000 jobs added to 10,000 lost. August fell from 162,000 to 133,000. Together, the two months lost 60,000 jobs from their…