Monthly
government unemployment numbers often have little to do with reality.
If corporations spewed out such faulty figures they would be hauled
off to court and their officials jailed.
The
media emphasis usually goes along with the official government
charade by placing a spin on what you are supposed to make of the raw
figures, depending on the political party of media favor.
One
illustration was the past Obama administration’s creation of the “jobs
saved” number. When actual “job lost” numbers are the norm.
Jobs saved were merely estimates of the “coulda and if”
variety, that could not be truly measured.
But
worse, unemployment statistics leave out those who have given up
looking for work, or are counting part-timers who cannot find
full-time work. Right now the government is reporting unemployment of under 8% when it’s well near Great Depression levels, at 15%. And
for minorities, it is running much higher.(See the Earl J Weinreb
NewsHole® comments and @BusinessNewshole tweets.)
No comments:
Post a Comment