Tag Archive: Conspiracy Theory

Why Skepticism of the Unemployment Number Wasn’t Unfounded

welch

Last week, when it was reported that the national unemployment rate unexpectedly dropped from 8.1% to 7.8% with a notable uptick in hiring, many people simply couldn’t believe it. Economists across the board were completely blindsided. None of them had predicted any significant change to the number – certainly nothing along the lines of a…