The unemployment rate reported today held steady at 3.8%, which continues to show that the dynamic information equilibrium model is better than forecasts from FRBSF, the FOMC, the CBO, and Paul Romer (click to enlarge):
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Unemployment rate holds steady at 3.8%
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The unemployment rate reported today held steady at 3.8%, which continues to show that the dynamic information equilibrium model is better than forecasts from FRBSF, the FOMC, the CBO, and Paul Romer (click to enlarge):