Worse jobless rate since 1945? Only if you ignore the 70's and the early 80's. We hit 10% unemployment a few times back then. And it was actually higher back in 1993 also.
I really hate sloppy reporting and jumbling of stats. Rates are different from raw number counts.
Reader Comments (Page 1 of 1)
LenSp @ Jan 12th 2009 11:49PM
Worse jobless rate since 1945? Only if you ignore the 70's and the early 80's. We hit 10% unemployment a few times back then. And it was actually higher back in 1993 also.
I really hate sloppy reporting and jumbling of stats. Rates are different from raw number counts.
TrentD @ Jan 13th 2009 11:54AM
Media rule number 1 - Pick the statistic that makes the situation look most dire.