Rising Hegemon
Some economists say jobless claims and other recent data show that employers likely added 200,000 to 300,000 jobs a month this year, rather than the 128,000 average reported by the Bureau of Labor Statistics (BLS).
The reason for the possible disparity: The government tends to underestimate both job gains in a recovery and job losses in a recession, the economists say. That helps explain why the nation's unemployment rate has fallen more sharply than the modest payroll increases suggest. The jobless rate was 8.9% last month, down from 9.8% in November.
"The data suggest there's been more improvement already in the employment numbers," says Jim O'Sullivan, chief economist of MF Global.
Ah, nothing more grating than a news story that starts out "Some (fill in blank) say..."
8 comments:
"Some ... say..." is journalist lingo for "I just made this shit up..."
Well, duuuuh.
Of course unemployment is down. The Republican plan is working!
what plan? i thought they were busy taking women's rights away.
and workers,
and children's.
and minorities.
The republican plan for jobs is very similar to their health care plan:
If you have a job, don't lose it. If you lose your job, die quickly!
It really is Herbert Hoover economics. Didn't work then; ain't working now.
history is so,...unamerikan.
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