Yesterday we were told by the economic pundits that the unemployment filings decreased for the third time in as many weeks. This was a good sign that people were going back to work and that it was a positive sign for the economy.
Today we are told by the same pundits that the unemployment rate was 9.4% and that 345,000 people lost their jobs last week.
This is just all so damn silly…this is why Americans have no idea how to track the economy other than their personal lives. None of the reporting is for the benefit of “humans”, only to assist investors and their speculative ways.