Labor Deep Dive

The FED and labor.  Another one of those articles that are definitely worth reading regardless if you agree or not – https://seekingalpha.com/article/4087457-yellen-employment-policy-errors.  A couple of obvious things to note:  a) data headlines are dangerous if you do not understand the real data and who takes the time to do that? b) there’s usually more than 1 way to tell the story with the same data, and c) things are not as they seem – population growth and employment growth twin data trends – looking at employment without population growth is like looking at the kitchen output without noticing how much is getting eaten.

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