Saturday, December 10, 2011

Fuzzy Math on Unemployment

The government announced that unemployment is now 8.6%

Only 120,000 jobs were created. Is that enough to decrease
the rate by .5%? What was ignored is that the labor
participation rate decreased from 64.2% from 64%. This
means that 315,000 gave up looking for work.

There are 3 types of lies: lies, half-lies and statistics.
Let the buyer beware. This was not "solid proof that the
Obama program is working!"

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