Yesterday we received the worst employment report in history. But what does it portend for the future? Is there a silver lining? These are obviously unique circumstances relative to previous recessions. Continue reading “A Quick Note on Unemployment and a Silver Lining?”
I’m seeing some widespread misconceptions about the relationship of unemployment rate and consumer confidence to recessions. Below is a chart that sheds light on this historical relationship followed by a few brief comments.
Major economic policies are determined by economists and politicians relying largely on GDP and the Unemployment Rate. These policies have an enormous impact on our lives and wide-ranging implications for our nation’s future. The problem is that much of the data upon which we rely are imperfect at best. Today’s commentary is not meant to be exhaustive but intended to simply highlight a couple issues…certainly, there are more.
Continue reading “Should We Level New York City? Shortcomings of the Most Widely Tracked Economic Data”