Every week since May, I hear TV pundits gleefully report that unemployment figures declined again, that people are getting back to work, and that America is back on the rise. And every week, they report the same wrong numbers.
| | | | | | Hidden Unemployment Data Shows US Economy is Not Recovering | | |  | Every week since May, I hear TV pundits gleefully report that unemployment figures declined again, that people are getting back to work, and that America is back on the rise.
And every week, they report the same wrong numbers.
It is infuriating.
Today, for instance, headlines touted job growth and projected the unemployment rate would decline to around 8%.
Sure enough, the headline number came in at 8.1% and there was much rejoicing.
But like all of the data we look at, there's more to it than just a headline number. And to really dig in, we must understand not just the short-term trend, but also its wider context, its various components, and any relevant historical perspective.
Today, I'm going to do just that, because the pundits are just not telling you the whole story. | | Get The Whole Story Here | | | Contact Us | We are available to help you five days a week, Monday through Friday, from 9:00 am to 5:00 pm Eastern Time. Please do not hesitate to contact us if you need additional information or support. We will respond to all phone calls and emails as soon as possible, and usually within one business day. | | |
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