Monday, June 22, 2009

"Green Shoots" Facade

I was wondering how the number of new unemployed increased last month, and by quite a lot, but the "jobless" number actually declined a bit. I had a feeling it was not a reflection of people getting jobs, and suspected it was people running out of time-limited unemployment benefits.

I was right. Once you run out of benefits, you are no longer unemployed.

1 comment:

  1. bruce4:25 PM

    I guess "unemployed not having a job" and "unemployed collecting benefits" are two different things. Sheesh. Plus you have the part-time employed becasue they can't find anything else andthe ones that drop off the radar screen and the ones collecting cash under the table and the ones collecting bribes and the reporters (see next post), etc.

    I suppose some politician will take credit for the "lower jobless rate" ??

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