Reality-Based Engineering

Thursday, March 06, 2008

Another Good Understanding of Bogus Unemployment Statistic

Labels: media, The Big Picture, unemployment, USA

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.

Labels: 2008 Elections, economy, The Big Picture, unemployment, USA

Wednesday, September 26, 2007

I'm Glad Someone Else Thinks CPI Is Bogus...

Thank God for The Big Picture...

Labels: economy, taxes, The Big Picture, unemployment, USA, wages

Saturday, June 02, 2007

Another Good Explanation That Enemployment Rate Is Bogus Number

The Big Picture is quickly becoming my fav economics blog. As I've always stated that the unemployment rate is completely bogus, since the denominator is a melange of stats regarding those that WANT to look for jobs + those employed.

Since the labor pool has shrunk, the percentage of course has gone down.

Labels: economy, macroeconomics, media, RBE, The Big Picture, unemployment