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Thursday, February 25, 2021

Why did US FED say the unemployment rate was more likely to be 10% instead of the official 6.3%?

https://www.nytimes.com/2021/02/22/business/economy/unemployment-rate-covid.html

We had already explained the paradox of the unemployment rate below.


Therefore, we always tell our viewers not to look at the headline number per se but to look at the details (sub-components) because the devil always lies in the details.

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