Friday, December 07, 2007

More Stupid Unemployment Numbers

Firstly, this rosy news was not how it was reported on Bloomberg when I was listening this morning...

My boy at The Big Picture infers a lot of the same thing - that the jobs data is not as rosy as the Fed makes it out to be. And, of course, as I harp on all the time, the unemployment rate is just total bunk - it really doesn't give you anything meaningful.

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