May’s employment report came as a shock: analysts expected a loss of 7-8 million jobs and we got a gain of 2.5 million, instead. What gives?
The answer lies in the fine print at the very end of the BLS press release.
Please read it and come to your own conclusion as to what is happening here...As Mark Twain famously said, “lies, damned lies, and statistics”.
All I’m going to say is this: as far as the numbers go unemployment went UP, and very significantly so, not down as the headlines proclaimed.
The answer lies in the fine print at the very end of the BLS press release.
Please read it and come to your own conclusion as to what is happening here...As Mark Twain famously said, “lies, damned lies, and statistics”.
All I’m going to say is this: as far as the numbers go unemployment went UP, and very significantly so, not down as the headlines proclaimed.
Read This And Weep - Or Laugh
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