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1. Robert McNees (mcnees@mastodon.social)'s status on Friday, 02-Feb-2024 14:52:29 UTC Robert McNees

   I'm not an economist, so maybe I'm trivializing here, but one explanation I'm not hearing in all the discussions around these labor reports is that the forecasters are just really bad at forecasting.

   • Jim E-H 🇺🇦 (redshift42@mastodon.social)'s status on Friday, 02-Feb-2024 15:01:37 UTC Jim E-H 🇺🇦

     in reply to

     @mcnees But that's not really an explanation, is it? The forecasters haven't always been bad at forecasting, so that would just mean something else has changed to make their methods or models less accurate, and figuring out what is a more interesting explanation.

   • Robert McNees (mcnees@mastodon.social)'s status on Friday, 02-Feb-2024 15:06:53 UTC Robert McNees

     in reply to

     • Jim E-H 🇺🇦

     @Redshift42 In all seriousness, I think there are a lot of factors specific to the last few years that could all be relevant, and like any good theorist I could speculate endlessly about them, but I really have no idea!