The Two-Way
Originally published on Thu March 22, 2012 6:14 pm
Why do economists keep getting it wrong?
For months, the job market's strength has been exceeding economists' predictions. It happened again today: the Labor Department's weekly report on first-time jobless claims came in at just 348,000 — the lowest level in four years.
Most economists had predicted about 355,000 people had applied for unemployment benefits in the week ended March 17. So why do they keep missing the mark?
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