Jericho's View on Unemployment Figures
Jericho seeks to end the issue over unemployment figures in this post by referring to an article authored by Adam Creighton. According to the report, unemployment data is viewed as dishonest and misleading because it does not cover all unemployed Australians. This idea has been echoed by US President Donald Trump, who believes that the unemployment number is always higher than it appears. Jericho is not in support of employment data as an indicator of economic health, but he also does not agree with those calling employment data fake. The article describes other terms like the underemployed and underutilized that should be used together with the unemployment data. According to Jericho, not every unemployed person is actively looking for a job, some may be discouraged job seekers, students, stay-at-home parents, pregnant women, and sick or physically impaired. If these people were all included in the unemployment report, it would certainly be higher.
Response to Customer
Firstly, I opine that your summary is not an articulate representation of the article. However, I like the choice of the article and the way it explains the reasons as to why fund managers do not always beat the market rates. Essentially, to make profits, fund managers need to surpass the markets but three reasons have been explained that hold them; market costs, market dynamics such as correlation, and the inherent disadvantage arising from lack of a level competitive ground from the passive fund managers. In this regard, the article suggests considering index-based funds as well as ETFs. The example you gave is characteristic of the market situation, which can be volatile at times.
