In a blog posted earlier this year, we pointed out that it’s difficult to put our faith in sunny employment statistics released by the media, given that such statistics are typically revised as more information is incorporated. Sam Chandan president and chief economist of Chandan Economics, recently explained the fallacy of some economic indicators even further, pointing out that job creation numbers have been lackluster, especially in the face of an increasing population.
Chandan, who is also adjunct professor at the Wharton School, discussed the link between a muddled job market and its impact on commercial real estate to attendees at the Dallas/Fort Worth Real Estate Research Forum and Dallas/Fort Worth Association of Business Economists luncheon on March 6. Though the official title of Chandan’s presentation was “Momentum and Risk,” one of the subtitles could well have been “Don’t Believe Everything You Hear/Read about the Economy.”
Read more...Sam Chandan: Digging Beneath the Job Statistics
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