I’ve never thought about which metric is worse. Both are misleading (don’t measure what people think they do), conceptually flawed, and measured poorly. 

People complain about CPI being bad, but unemployment numbers seem to be even worse (in the sense that they are inaccurate). Don't you just love that we make decisions about monetary policy based on made up numbers and the feels?

Scoresby

I’m surprised everyone keeps overlooking this, but there are hundreds of thousands of out of work feds right now who aren’t in the unemployment numbers.

It doesn’t radically change the picture but it’s still significant.

econ

US CPI has been above Fed's 2% target for 53 months in a row - Michael Brown

Cool charts. 

I’m surprised everyone keeps overlooking this, but there are hundreds of thousands of out of work feds right now who aren’t in the unemployment numbers. 

It doesn’t radically change the picture but it’s still significant. 