Losing Jobs, and Lying about It...

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Losing Jobs, and Lying about It...

Post  News Hawk on Fri Mar 08, 2013 1:21 pm

Ignore the fantasy numbers. Ignore the inane hype that accompanies them. There is only one truth with respect to the U.S. labor market and employment. It is contained in the chart below, produced by the Federal Reserve. The picture is unequivocal. During the four years that the U.S. government has dubbed "an economic recovery" the U.S. economy has been losing jobs at the fastest rate in recorded history for every year of this so-called recovery.


The picture is unequivocal. During the four years that the U.S. government has dubbed "an economic recovery" the U.S. economy has been losing jobs at the fastest rate in recorded history for every year of this so-called recovery.

Having a background in economics and statistics, I've explained in numerous commentaries precisely how andwhy the concocted "statistics" claiming to show "new jobs" have no basis in reality. The problem is that unless readers themselves have a reasonably sophisticated understanding of the mathematics involved, it may be difficult for them to follow such reasoning."
http://www.thestreet.com/story/11862236/1/losing-jobs-and-lying-about-it-opinion.html?kval=dontmiss


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