follow up on unemployment BS
So I honestly do not fully understand the numbers, do what you will with them…
employment numbers are gathered using an archaic system that polls a variety of employeers and asks them if they are hirng or firing. What likely should be used as a more accurate real time indicator is the income tax payed every month rather than polling random companyies.
Regaurdless, the last months number of 345k jobs lost is bullshit for a variety of reasons, the most obvious reason is related to the birth/death model factor. 220k jobs were supposed to be created according to the Current Employment Statistics (CES). Sooo 220+345 = 565 total jobs, back to the typical 500k jobs lost.
I’ve had a few cocktails before I wrote this, so I’m not sure I’m reading these numbers correctly so you can fact check my info here:
http://www.bls.gov/web/cesbd.htm
DISCLAIMER - I typically might be full of it, but I’ll always link to where I get my info so feel free and please call me out on any inaccuracies.
