Federal Reserve’s Neel Kashkari: Headline unemployment rate is deeply flawed

Well, here is something that any contrarian can say “I told you so.”

Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the headline unemployment rate is deeply flawed as a measurement of joblessness.

You think?

“It’s not clear that something like black unemployment rate could be targeted to improve racial equity but the Fed should be open-minded on the issue,” he said.

But, but, but anyone who questioned official government statistics was labeled as a conspiracy theorist. A guy like John Williams of Shadow Stats has been met with scorn because he measures the unemployment rate differently than Washington.