Green Shoots Nonsense?
11 May 2009More statistical games with April’s employment numbers. The mainstream media have focused on the numbers being “good” because they aren’t falling as fast as previous months (a bit of a reach, IMHO). But several bloggers have pointed out that the 539,000 job losses only look good because of government hiring for the census. otherwise the losses are 611,000. Here is EconomPic’s graph:
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