Sabtu, 05 Mei 2012

Even Ezra Klein�s blog acknowledges the dropping unemployment rate is a bogus statistic: real rate 13.1%

When Obama loses Ezra Klein, he�s lost it all.

Wonk Blog reports if the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.1 percent.

That helps explain a seeming contradiction in the unemployment numbers � the rate keeps dropping even though job creation has been soft.

More here

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