If you aren’t confused yet about what the economy is doing, you
haven’t been paying close enough attention to recent news reports.
Take, for example, last Friday’s employment report in which the Labor Department announced the nation’s unemployment rate in December was “unchanged at 7.8 percent” from November’s level. That’s easy enough to understand — until you look back at the November report when “the unemployment rate edged down to 7.7 percent.”
Read more: http://www.nypost.com/p/news/business/job_stats_don_let_arithmetic_get_vHKWg08Ob2grgGQZ0CEDfP
Take, for example, last Friday’s employment report in which the Labor Department announced the nation’s unemployment rate in December was “unchanged at 7.8 percent” from November’s level. That’s easy enough to understand — until you look back at the November report when “the unemployment rate edged down to 7.7 percent.”
Read more: http://www.nypost.com/p/news/business/job_stats_don_let_arithmetic_get_vHKWg08Ob2grgGQZ0CEDfP
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