Friday, June 01, 2012

Interesting Spin

Higher unemployment might reflect economic optimism.
Recently, the Fed attributed the nearly 1 percentage point fall in the unemployment rate since August 2011 with the decline in labor force participation. Today's news that the rate rose reflected a glimmer of positive news: More unemployed people are returning to the job hunt, suggesting economic optimism.
Uhhhh...yeah...so what you're saying is...I don't even think this needs analysis.  I feel like one just needs to go read Orwell again.  Do these numbers and statistics have any meaning or are they all just tools to spin?

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