A lousy first week to 2022 finally ends today after the most recent BLSBS was released. And it's the same old BS...prompting discussions of a rate hike in March. Sometimes all you can do is laugh.
So what was the BS this time? The unemployment rate is now under 4.0%. But the gain of new jobs was WAY BELOW expectations so what's the deal?
Well, this is an easy one. Never forget how the BLS calculates the unemployment rate. If any person has been unable or unwilling to find a job after twelve months, the BLS just assumes that person actually found a job and is then left...
