I had my class predict the unemployment rate. They were free to guess, read a survey of news articles, listen to the television, or run a model. We pretty much had all of the above approaches followed. So the big reveal.
The class average forecast for the unemployment rate was 19.2%. These students have been pretty impressive these last months. I will not say I know all they are dealing with, but what I do know says they have some serious resolve. They got their work done, kept challenging me with questions, and kept pushing the class forward. It lets you know that no matter how long “recovery” takes, and regardless of what the “new normal” is, we can get through it.
