A Burgundy and Gold Obsession
'Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.' - Groucho Marx

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  1. #1

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    Default some silver lining in unemployment data

    Report: More Than 92 Million Americans Remain Out Of Labor Force « CBS DC

    drop in long-term unemployed is encouraging.

    the data over-all isn't good.

    the article doesn't cover an important component: wages and salaries are dropping big time. the bulk of new jobs being created are not high-paying jobs.
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  2. #2
    BGObsessed
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    No one has ever provided a good explanation as to where the people who dropped out of the labor force went to. The farce that are the unemployment figures is comical.

    Honestly, I never even understood why they used payrolls as the measuring system. They already have much more detailed and accurate data sources in their pockets with the IRS and SSI systems.
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