Friday, May 8, 2009

By The Numbers

Um, about those unemployment numbers, the ones they're bombarding you with today.
(NPR inviting "analysts" to opine about how this may be "better.")
The problem with this methodology is that it does not include millions of Americans who are not working full-time who ought to be. Those, in the bureau's words, who are "marginally attached to the labor force."
Those numbered an additional 2.1 million Americans in the first quarter of this year, the bureau said. Alarmingly, that number was up 35 percent from the first quarter of 2008.
Of this number, the bureau categorized 717,000 as "discouraged" workers, or those that have simply given up looking for work for any number of reasons. That number was up 70 percent from the first quarter of 2008.

BTW, it's "journalists" who do this digging. Sure, there may be bloggers out there saying the same thing, but they don't carry the weight, or the audience.
Down off the soapbox now.

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