Jobs Data, Virtues of Unit/Price Thinking
It’s always fun to use previous data to predict data. Humbling, oftentimes. Take this morning’s jobs report, for example. As you know, I’m one of the most skeptical people in the world when it comes to employment data. It’s an area where (IMHO) a lot of “economists” and “advisors” really get things wrong. Mainly, it’s prone … Read More