disease, you could use things like the employment numbers to really get at where are the implement issues in the united states and why are they happening, which is very different that a national rate that acts like it's the same in bethesda that it is detroit, that it is in las vegas. >> host: a comparative value house of. >> guest: have a dataset of him a dataset of them how you can compare how things are now versus either within. i more skeptical that the methodologies is always change. change the data with the methodology but i think the sets are not as useful as we think there. i don't think reading is a go back to 1970 and go well, you know, with the effect energy needed to do jobs because we assist in an age of a factor today and the nature of employment. >> host: one of the other things you mentioned is maybe what we need is a spectrum of kind of possibilities and probabilities rather than one

definitive number. we were talking earlier, one thing i noticed, the press itself seems to have begun slowly, slowly to cotton on to the fact that some of these leading indicators really don't tell us as much as they did. i've noticed five years ago prior to the crash they would report the monthly unemployment numbers. now when you turn on the tv, they often report the monthly unemployment him and and also talk about the number of people who have dropped out of the work force and all these other mitigated questions that fall. we do seem to be moving to some realization that these indicators don't work. >> guest: there's some motion and some movement. some evolution that is inevitable and important. as a rethinking what's the better way rather than the recourse of this pretty limited framework even then though, so we talked about the unemployment rate and whether you the job and act like every job that gets created is a good job.

it really isn't it if you're working 37 hours a week at $12 an hour, we should be tight but the quality of the job and whether or not it's allowing people to meet th their needs to understand that nuclear. a job is done this are a plus. if your 27 and you are unemployed or you're not even in the workforce, you're trying to create a business, that's probably a goo good thing. none of that we would be able to discuss constructively with the current framework. d. get rid of these numbers? they offer a pattern as to what's going on in the world, at a much looser one and a module let's use one but we have massive information in a big data world at our fingertips that we can use really, really constructively if we allow ourselves house of representatives numbers seem to be the bottom line. thank you so much for being with us today. appreciate it. ..