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Pissing in the Public Pool

The Jacob Shapiro Podcast

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Employment Data and Economic Cycles

This chapter examines the complex interplay between employment data and economic cycles, emphasizing how employment metrics often lag behind market shifts. It explores the concept of labor hoarding in a post-COVID world and the challenges the Bureau of Labor Statistics faces in providing accurate employment statistics amidst political pressures. Additionally, the discussion highlights the implications of data quality for informed decision-making in an evolving economic landscape.

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