Government speak – someone explain jobless to me
Yesterday the U.S. government reported job losses for the month of April were only around 600,000, yet in the past three weeks, “new” unemployment claims have been 645,000, 631,000 and today 601,000. That appears to be 2.5-million a month, not 600,000, or 32-million per year. As I blogged before, that’s a loss of a quadrillion dollars a year in salary.
Would someone explain how the government figures these things? What’s the old adage, figures lie and liars figure?