Friday, August 5, 2011
Unemployment Rate Down To 9.1%
NFP Prints At 117K, Beats Expectations Of 85K, Unemployment Rate Down To 9.1%
At this rate it won't be long before the unemployment rate and the participation rate both hit zero. I would go into a long rant about lies and damned lies, and about the particular problems with the calculation of the unemployment numbers, but I don't have the time now.
For a good overview go here:
Shadowstats - Employment and Unemployment
And some additional color on the Birth/Death model (which only seems to get revised downward) from Mish:
Birth/Death Model
At this rate it won't be long before the unemployment rate and the participation rate both hit zero. I would go into a long rant about lies and damned lies, and about the particular problems with the calculation of the unemployment numbers, but I don't have the time now.
For a good overview go here:
Shadowstats - Employment and Unemployment
And some additional color on the Birth/Death model (which only seems to get revised downward) from Mish:
Birth/Death Model
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1 comment:
Want to bet this number will be revised down.
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