7.7% Unemployment: A Statistical Lie

1

December 8, 2012 by tjefferson2076

Curious readers are checking out the analysis by the economist Mish Shedlock:

http://globaleconomicanalysis.blogspot.com/2012/12/startling-look-at-job-demographics-by.html

and

http://globaleconomicanalysis.blogspot.com/2012/12/establishment-survey-146000-household.html

Mish’s conclusion:

Given the complete distortions of reality with respect to not counting people who allegedly dropped out of the work force, it is easy to misrepresent the headline numbers.

Digging under the surface, the drop in the unemployment rate over the past two years is nothing but a statistical mirage. Things are much worse than the reported numbers indicate.

——————————————————–

Bottom line – the recovery has been a statistical lie fuel with printed money.  Not sure when this is going to pop, but when it does, we are in for some real pain.

Advertisements

One thought on “7.7% Unemployment: A Statistical Lie

  1. bfranklin2076 says:

    I guess I’m a bit surprised/worried that their numbers aren’t all that good even if you believed the lies. Should make us even more worried that perhaps they can’t even tune or control things as much as they hoped?

Comments are closed.

%d bloggers like this: