Filed under: Bad news, Employees, Recession
Sure the unemployment rate fell from 10.2% in October to 10% in November, but the November data (and the December number when it is reported) are hopelessly skewed by seasonal adjustments. And another statistical adjustment, known as the birth/death adjustment, assumed 800,000 new jobs were created this year by the birth of companies compared to the number of jobs lost due to the death of companies.
Really? If it were not so sad, it would be funny.
Continue reading Lie #4: Unemployment Will Bottom Around 10%
Lie #4: Unemployment Will Bottom Around 10% originally appeared on BloggingStocks on Sat, 26 Dec 2009 16:00:00 EST. Please see our terms for use of feeds.
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