Knowing that we “treasure what we measure,” understanding the GDP and a shrinking economy is even more important during a pandemic.
Because of the huge and sometimes inconsistent impact of Covid-19 on the economy, potentially misleading GDP numbers will need a closer look.
Hearing the unemployment rate and jobs creation numbers, we should know the numbers weren’t real because the BLS seasonally adjusted them.
Here are some jobs facts that might be helpful when you listen to the candidates. During 1933, the unemployment rate was a cataclysmic 24.9%. Having entered office that year, FDR was re-elected in 1936 with unemployment still soaring but better…