Job statistics are misleading because they don’t accurately give current employment figures. It seems their only purpose these days is to provide content for the media and data on which politicians can contrive messages that help
confuse an economically illiterate voting public.
Many job seekers give up looking when there is a prolonged recession. Thus, they no longer remain in the unemployed count. Therefore, the truly unemployed figure looks better than it is. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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