“Unemployment Rate” Is A Mostly Meaningless Stat That We Obsess Over

I thought we lived in a “data-driven” time.

One of the drawbacks of “the data-driven era” — LOL! — we supposedly live in is that you can now find numbers to prove pretty much anything you are trying to prove. Unemployment rate is a great example of “This proves the economy is doing super well.” No, it really does not.