26 June 2014

Numbers Don't Lie, Do They?

28 Sivan 5774

Language can be manipulated, but numbers don't lie. Or do they?

The reported "unemployment" rate in the US is 6.3 %.

But, the "labor force participation" rate is 62.8 %. Using that statistic, that means that 37.2 % of the population is unemployed.

According to this report, less people working results in a lower unemployment rate...

"The tepid labor force participation rate, which has hovered for months at its lowest level in four decades, is a primary reason the unemployment rate has fallen rapidly in the years since the recession ended in 2009."

Can anyone else make sense of this? I sure can't! However, this I get...

"...the headline unemployment rate has proven misleading as an indicator for the health of the broader economy,...."

1 comment:

  1. This is nothing new...many analysts have brought this up many times over the past several years. However, the media is one the who attempts to manipulate the public into thinking the economy is getting better. It's not, it's only getting worse. Right now we are being mostly sustained on debt and the feds printing non-stop money.