They are not mixed signals, the data we use for signaling is flawed for the modern area
Take for example the U-3 unemployment number that you cite, what is missing from that is Workforce Participation, we have a pretty large drop-off in Work force participation which is leading to the false belief that employment is "fine", and the quote "mix signal" of being in a recession while still having lower unemployment.
Completely absent from most of these older metrics is the "gig-economy" which is really screwing with the data IMO.
Then you have U-6 Unemployment increasing while U-3 is dropping, I think U-3 is just a few months away from reversal and will start increasing soon
>>GDP has long been criticized for being a poor metric for the economy.
yes by MMT supporters that want to ignore the classic model of economics in favor of monetary manipulation for political purposes
Take for example the U-3 unemployment number that you cite, what is missing from that is Workforce Participation, we have a pretty large drop-off in Work force participation which is leading to the false belief that employment is "fine", and the quote "mix signal" of being in a recession while still having lower unemployment.
Completely absent from most of these older metrics is the "gig-economy" which is really screwing with the data IMO.
Then you have U-6 Unemployment increasing while U-3 is dropping, I think U-3 is just a few months away from reversal and will start increasing soon
>>GDP has long been criticized for being a poor metric for the economy.
yes by MMT supporters that want to ignore the classic model of economics in favor of monetary manipulation for political purposes