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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