When I was growing up in tech school I was reminded many times of that expression ” math is not an opinion”, which at first look is just about right: laws and constants never change, periodic numbers repeat themselves, Fibonacci’s sequence returns always that golden ratio magic number of 1.6180, and after all, 1+1=2, ALWAYS.
The unemployment numbers are the exception, and the great mathematicians at the FED, BLS and such, have achieved their goal in making math in fact, become an opinion.
You may think that if we miss the payroll numbers this means more people are without a job , in search of a job, or able to work but not working. Nope. They will tell us that unemployment is going down. Below 7%…or 6.7%.
So, if you keep shrinking the work-force to zero, de facto, you’ ll achieve zero unemployment.
Over 90 M people are not included today in the labor-force.
Nothing is wrong with that, Chairman…?
