U.S. job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 percent, which would bolster views that the economy was so far weathering the Trump administration’s escalating trade war with China.
Why do most forecast do not consider future peaks and/or mean reversion?
Based on my data, we are at or around 18 years low in USA.
Unemployment Forecast @randbots @CharlesSizemore @futuresio Why do most forecast do not consider future peaks and/or mean reversion? pic.twitter.com/gD7r7pEQgt
— Mario Randholm (@MarioRandholm) September 7, 2018