Saturday, May 5, 2012

Unemployment Down and Up...

I've and others been railing about the government's extremely misleading “unemployment rate” numbers, which the lamestream media generally parrots without comment.  For April, this published number dropped slightly to 8.1%.  However, the actual number of people who are unemployed climbed substantially.  How can this be?  Why, through the magic of blatant statistics manipulation, of course.  Bruce McQuain has a nice explanation, and also raises a related point about older workers.

But a funny thing seems to be happening on the way to the November elections.  The lamestream media is belatedly paying attention to this manipulation.  A few newspapers and reporting organizations talking about this may not seem like a big deal, but...they haven't been doing so heretofore, and we're in the runup to the 2012 Presidential election.  Somehow I don't think this is a good omen for Obama.

Which is just fine with me, of course...

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