Tuesday, February 7, 2012

Liars, Damn Liars, and Statisticians

SEE HERE Well that's how Mark Twain characterized statistics.  It's certainly possible to mislead with statistics especially when you don't maintain total transparency to the underlying data.  The idea that the job market is getting better is probably an illusion produced by the way employment and unemployment are defined.  If you stop looking for a job because you are discouraged and tired of being turned down then you are no longer considered unemployed.  Wow!  What a concept.  So if no-one is employed and none of them are looking for employment we have 100% employment but no-one is employed.  Is that how it works? MORE
STILL MORE

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