For the past 5 1/2 months, the initial unemployment claims data have not really changed. Here’s what I mean:(via Instapundit)
source: Uncommon Misconceptions
The data are oscillating about a slowly increasing value, indicating that, if anything, unemployment claims are increasing. That means that for the past 5 1/2 months, every time the administration has told us that the unemployment situation is slowly recovering, and that the data show "the right trend," they have been absolutely mistaken.
Wednesday, April 21, 2010
Chart of the Day
From Uncommon Misconceptions:
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1 comment:
True. And no one is talking about the huge group of unemployed and underemployed not reflected in these statistics. The actual unemployment rate is probably around 20%. Let's be honest. Otherwise we won't solve our problems.
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