You can hire any number of advisors for little money who understand how the process works. Those who recognize the forest for the trees and can effectively communicate the same are much more rare.
Trump has, in the language of communication, "set an anchor." This is Trump's opening shot to define real unemployment.
Liesman and his intellectual brotherhood say the unemployment rate is below 5%. At the end of the day, those with any intellectual independence and some grasp of economics will understand the fact that 62% workforce participation is a much better indicator of unemployment than 4.7%, the 'official' number.
The unemployment rate under Carter was high, early in the Reagan recession it hit double digits at ten percent, a real crisis.
Are you saying it’s 6 times higher than that now?