A Quick Question
Recently jobs numbers came out … two data points are of interest and can be used, perhaps, to judge the bias of the sources. One set, points out that January job numbers are up and by one metric unemployment has dropped to 8.3%, getting firmly below 9. The other set, which is new as well, points out the divergence between two proxies which normally track but recently have diverged. Unemployment, as tracked by those applying for unemployment benefits and jobs, normally tracks well with the number of unemployed. Yet in the last 18 months this tracking has diverged. More and more people have (according to the second unemployment proxy) have given up seeking work. By that second metric, unemployment is above 10.5%.
Honest reporting would, I offer, report both points. There are many, who for political reasons, decide on or the other figure is more significant. Are there good reasons besides the nominally “bad” political partisanship ones for not noting both?
Oh, by the by, I’ve got to run early to get to a job site about an hours drive north. My links post will go out tonight.
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