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The Employment Situation is Worse than the Unemployment Rate Indicates — Bill McBride

Summary:
Like the headline inflation index, the headline unemployment index is a simplification that needs to be deconstructed. Bill McBride finds the headline unemployment understating the case at present. The economy has room to grow.Calculated RiskThe Employment Situation is Worse than the Unemployment Rate IndicatesBill McBride

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Like the headline inflation index, the headline unemployment index is a simplification that needs to be deconstructed. Bill McBride finds the headline unemployment understating the case at present. The economy has room to grow.

Calculated Risk
The Employment Situation is Worse than the Unemployment Rate Indicates
Bill McBride

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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