“Reuters writers and editors want to lead with an upbeat jobs report but then a few grafs later they’re admitting ‘the holiday season has made recent claims data so volatile it has been difficult to interpret.’ Twenty years ago we didn’t get it. Ten years ago we started to smell it. Today we know without doubt these sorts of reports are mostly promotional mumbo jumbo. These stats can be offered any way that the media and officials in charge want to spin them. And, of course, these days the bias is always upwards. We’re supposed to believe everything is getting better after the 2008 downturn. Of course, what’s not mentioned is that the entire business cycle has been short-circuited.”
http://www.thedailybell.com/news-analysis/34867/Jobless-Jokes/
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