Big Take DC: Economists May Be Using Bad Data to Make Big Decisions
Odd Lots
00:00
The Trustworthiness of Labor Market Data
This chapter scrutinizes the reliability of labor market data used by economists and policymakers, highlighting concerns raised by a veteran economist regarding its accuracy amidst changing economic conditions. It emphasizes the critical need for reevaluating traditional metrics in light of the pandemic's impact on job listings and hiring practices.
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Transcript
