Yes, and they are trying to sell this one new 7.8 Unemployment Number as a “TREND”, when it is quite commonly spoken that it takes at least 3 months to show a trend may be happening. A real Economic Trend is taken over a longer time period.
Economic Trend Definition
http://www.businessdictionary.com/definition/economic-trend.html#ixzz28cwMtKX9
The overall direction in which a nation’s economy is moving. Most business managers need to be aware of the prevailing direction of the economic trend for the product markets and countries in which they operate in order to make more accurate and effective plans for their company.
Most business managers need to be aware of the prevailing direction of the economic trend for the product markets and countries in which they operate in order to make more accurate and effective plans for their company.
Thats the problem. Politicians don’t manage the country as a business.
They think of it as Halloween night every day/night... Come and get your goodies.
Exactly and then there is this:
The unemployment rate has specific limitations. It can’t differentiate between full-time and part-time jobs. It doesn’t account for people who are underemployed, or working in jobs for which they are overqualified because they can’t find a good job. It won’t tell you how many people have become so discouraged in their job search that they have given up hope of finding a job.
More shell games.