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Tuesday, April 10, 2012

postheadericon The real employment situation

Mark Twain famously misquoted British Prime Minister Benjamin Disraeli as saying, “There are three kinds of lies: lies, damned lies and statistics.”

The reported unemployment numbers prove the validity of the quote, even as the source is in dispute.
 
According to the U.S. Department of Labor’s Bureau of Labor Statistics, in March, there were 31,000 fewer people employed than in February, yet the politically useful unemployment rate went down to 8.2 percent: a decline that is sure to be played up in campaign commercials as evidence that the Obama economy is recovering.

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