Monday, August 10, 2009

Even Krugman Says that the Dip in Unemployment Was a Statistical Fluke


The mainstream media portrays the dip in unemployment figures as proof that the recession is over and the economy is recovering.

Buy many alternative news sites have said that the dip in unemployment figures was due to a fluke of some kind or another.

Some say it is because auto workers who would normally be laid off this time of year have been retained because of changes to the auto industry from the auto bailouts.

Others say that more people are giving up looking for work, and so the U-3 unemployment figures (but not U-6) are down.

Now, even Krugman says:

That slight dip in the measured unemployment rate last month was probably a statistical fluke.



Print this post
at

1 comment:

  1. PadmanabanSeptember 8, 2009 at 5:48 AM

    Auto industries is not the case. It depends on all the factors.

    ReplyDelete

→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).

→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).

→ The following types of comments will be deleted if we happen to see them:

-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over

-- Comments that explicitly call for violence

→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.