Unemployment as a Lagging Indicator: Not This Time [View article]
Nuts,
You are comparing apples and oranges here. Your explanation misses the main point between the unemployment rate and job losses (gains). The job loss figures come from a survey of employers while the unemployment rate comes from an employee survey. Last month, the job losses in the employee survey were much larger for one reason or another. I would point out the job losses in the employer survey look manipulated lower.
The Truth Behind the U.S Government's Stealth Stimulus Plan [View article]
Unemployment as a Lagging Indicator: Not This Time [View article]
You are comparing apples and oranges here. Your explanation misses the main point between the unemployment rate and job losses (gains). The job loss figures come from a survey of employers while the unemployment rate comes from an employee survey. Last month, the job losses in the employee survey were much larger for one reason or another. I would point out the job losses in the employer survey look manipulated lower.
Jon
Fed Auction Futility [View article]