Sam Spade
SamSpade
Atlas Star
Posts: 27,547
|
 |
« on: November 07, 2009, 12:08:06 AM » |
|
The internals of the last few unemployment reports (including today's) strongly suggest that no turnaround in employment is in the cards for a considerable length of time into the future.
In fact, I would observe that the continued upward trend shows no sign of reversal or slowing of increase. Statistical adjustments and a bit of game-playing in the numbers are making it look better than it is, of course. Problem is, we're starting to reach the point in the year (worst month for employment game-playing is always end of year, usually February) where the statisticians are going to have to start making strongly negative changes to the numbers as their assumptions are not borne out by actual data.
|
Poll
