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- While it's true the recent moderation in weekly jobless claims is happening from a breathtaking peak, the extent of the drop is impressive. Going back to 1987, such declines have usually happened at the tail end of a recession.
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This news story has 4 comments:
The powers that be have a vested interest in massaging the data.
On May 07 11:21 AM old boat guy wrote:
> Yea, sure. These figures are all manipulated to suit the gov't's
> purpose. How about U6? We are getting to a point that all these
> statistical releases are doctored shams; thank god for Durden and
> Lee.
There IS an impact from this reduced spending and staff cuts and that impact is constantly increasing unemployment.
The failures of companies like GM not only have a direct impact of staff at GM but how about the staff at GM suppliers, how about the net total amount of retraction that these things cause?