Data is coming from BLS. Their data lags the true state of affairs, and their growth projections are never reliable. Remember when they touted from 2000-2010 that Actuaries are the hottest growing field with the best forward looking outlook?
BLS forward looking guidance means nothing when technology revolutionizes the nature of work.
Their data may not be the latest but isn't it's more reliable. I used to participate in the BLS, and this numbers are submitted by employer every two weeks.
No one can predict everything perfectly. This is just the guidance based on the data that was reported. AI is advancing faster than anyone can imagine and no one knows the impact - good or bad.
What do you believe is the true state of affairs?
With poor data it’s whatever you say it is.
How convenient!
lol i always wondered how actuary ever crossed the radar of my partner in college and this must have been it. hey they just finished up their FCAS cert and they are riding quite high and quite comfy. but it is for sure a very small pool of people just due to the immense work needed to get that point.
Are we assuming - the data is of high quality? If quality isn't good, it is as good as synthetic data.
It wasn't even that long ago that Trump fired the BLS Commissioner and nominated someone that would "restore GREATNESS" to the BLS.
Putting aside the slop facade place atop the data....why would we trust the data?
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