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That's some pretty strong spin... Unnamed forecasters thought the number of jobs added should be higher, so we're disappointed by a quarter million new jobs.
by seoaeu 5y ago
That's some pretty strong spin... Unnamed forecasters thought the number of jobs added should be higher, so we're disappointed by a quarter million new jobs.
- syops 5y agoTypically the forecasters are not this wrong. Thus this is cause for investigation and possibly concern. We do want policy makers to be given forecasts on these sorts of things and we do want them to be alarmed when the forecasts are so far off.
- Jiocus 5y agoCould less accurate forecasting be attributed to exceptional circumstances of the environment they have tried to analyze? I have the feeling there's quite a few “predictions” during this pandemic that are off. Where people or the economy have acted contrary to popular beliefs or rational modelling.
- syops 5y agoI have no expertise in this area. I imagine that there is an increased amount of guessing due to uncertainty about our present circumstances.
- takeda 5y agoAnd it is for April, the general population started being vaccinated in middle of it and it also takes over a month (according to the companies) to get full effect of the vaccine.
- reedjosh 5y agoWell, the trend was up over the last three months. 233 536 770(P) 266(P) https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth https://data.bls.gov/timeseries/CES0000000001?output_view=ne... For vaccines coming online and people _starting_ to get back to normal, it doesn't seem like a stretch to expect a number higher than this.
- sb057 5y agoBillions of dollars and years of financial planning were done based off of those unnamed forecasters.