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- There’s an old joke about economists: A mathematician, a statistician and an economist apply for a job. The interviewer asks, “What’s two plus two?” The mathematician says, “Four.” The statistician thinks for a second and says, “On average, four.” And the economist gets up, closes the door, turns to the interviewer and says, “What do you want it to be?”
As it happens, this joke is particularly apt when it comes to analyzing employment numbers, and when it comes to analyzing employment numbers, economists always get the job.