Daily Agitator
If you do not have a degree in economics or finance and try to listen to the “experts” on TV then you are so confused that you would agree to anything just to get these people to shut the hell up……
For instance, the US gain 290,000 jobs in April but yet the unemployment rate went from 9.7% to 9.9%….if you gain jobs how does the unemployment rate get larger? Easy if you listen to the “experts”……it seems that more people went back to looking for work because the jobs market is looking better……that is the official announcement……but if the people were unemployed in April and are looking for work then they are still unemployed…so how does the rate expand? It is all in the metrics of the science…that would be the science of bullsh*t…….all reporting is that the “real” unemployment rate is more like 15+%….but yet they have come up with a way for the dismal unemployment rate to appear more optimistic……it is all for the investor to get them excited about using their cash……never is it about the true outlook of the recession….
If you feel totally confused, then you are what I call an average person and NONE of the economic reports are for you….NONE of the economic reports take your life into account……..remember….YOU ARE the back bone of this economy and if your life is in recession then the rest of the country is in recession…..the investors and speculators will ALWAYS make their money, whether you are employed or not…
The problem is that they are gambling with YOUR money…the cash of the taxpayers is used in this casino called Wall Street….
This is one of those (often) times that politicians use numbers to lie. What is the unemployment number? It’s calculated simply by looking at the number of people on UI benefits. For this number to go up, there have to be more people on it than before. For it to go down, either the people got jobs, or have run out.
Job creation is another dubious statistic. It does not define the kind, or pay of the jobs, just that they exist. Someone could lose a 6-figure job, but get a $30k job at McDonalds, and they are now “hired”.
Additionally, unemployment also doesn’t calculate business owners who can’t file unemployment, but have lost their business (job), but go out and get hired by someone else.
But it’s good for spin-masters to trumpet whatever they want.
But if the average guy hears the news coming out of say CNBC, they would think that all is getting better and the recession is over…..it is a lie…..hopefully, most average guys/gals are not listening to Maria Bartoromo (sp?) or that yelling guy……like I said those figs are to encourage investors and not to report on the reality of our economics….
LOUDelf, nice to see you again….
It’s called “spin”. It’s also a frequent dodge used by government to “move the goalposts” – to change the way in which figures are calculated so that, if you don’t read the small print very carefully, it looks like things have improved.
It’s why I LOVE statistics – NOT!
The first thing I learn in stat class in college was that they will say whatever you want them to say…..so I am with you…NOT!