Saturday, December 08, 2012
November's deceptive unemployment figures
I noted the other day that Gallup's survey had unemployment back up to 8.3%. But the official figures apparently have it down to 7.7%- a four-year low.
Sources more objective than the New York Times point out that the reason is not that people are getting jobs, but that they've stopped looking.
In short; believe Gallup. This is not part of a "continuing recovery;" it's just more of the same old same old.
We as a nation had our chance to address the problem last month- and we blew it.