Huh?

Here's an, uh, interesting angle:

Why a Rising Unemployment Rate is Good News

It sounds dreadful. After drifting down consistently since last fall, the unemployment rate has suddenly shot up again, from 9.7 percent in March to 9.9 percent in April. But don't despair: A rising unemployment rate is actually one of the best signs yet that the economy is bouncing back.

The unemployment rate rose for the right reason. Instead of shedding jobs, employers added 290,000 jobs in April, the strongest showing since 2007. The reason the unemployment rate went up is that a lot more people are suddenly looking for work. The government said that the labor force swelled by 805,000 people in April. That's more than three times the number of new jobs, so the proportion of people looking for a job but unable to find one went up. Still, that big increase in the labor force marks an important shift in sentiment among people on the fringes of the economy.

Someone explain that ridiculous logic to me. Yes, it's encouraging that a bunch of people who threw in the towel suddenly feel optimistic enough to start looking again...BUT ONLY IF THOSE 805,000 PEOPLE ACTUALLY FIND A JOB!

I'm amazed at how his rose-colored beer goggles allowed him to write that happy horseshit about "an important shift in sentiment" right after this line: "That's more than three times the number of new jobs, so the proportion of people looking for a job but unable to find one went up." Really? No cognitive dissonance there?

I get that the mainstream media is ready for The Great Recession to be over, but this is just pathetic...

READ THE ENTIRE (RIDICULOUS) ARTICLE...

Comments

Post a Comment

Popular posts from this blog

20 Ways to Rent Out Your Home Faster

Image
While running a successful rental marketing company and renting out my numerous rental properties. I have picked up a few tricks along the way. Below are 20 ways you can rent out your home faster  (There are plenty more ideas and if you have some please comment and I can add to the list): 1) Pricing Matters There are many ways to price your home competitively in the marketplace. Some tools to help you along the way are: RentSlicer.com, RentOmeter.com and Oodle.com 2) The time of the Month Counts The best times to gain a tenant are March, April, May, June, July and August. These are the main months when renters move due to seasons, schools, etc. 3) Throw some Make-up On Have you ever toured a model home for sale? What do you notice? Are there magnets on the fridge? Are there clothes in the hamper? Are the walls scratched? The answer is no. Why? This is what sells homes. Touch up with paint and remove all clutter and you will see a big difference. 4) Replace Light bulbs and Fixtures ...
Read more

Skaneateles Real Estate - The Weekly Update

Here we go! It's the start of something big! Currently, in the Skaneateles area of the multiple listing service there are 160 homes active on the market. This number seems to have held steady over the past few weeks, while the number of homes marked contingent or pending has increased slightly. Of the 6 new homes that have come on the market, 2 are re-lists and 3 are waterfront. Waterfront continues to sell and do very well this year. There are also 3 properties marked contingent this past week: 1 residential, 1 waterfront, and 1 for the die-hard investor who got a good deal, I think. The price had come down steadily - until it's last listing was about 60 % of the original price. There are now 30 closed properties this year. The latest is a village property which sold at a reduction of 12% of its original price. Last week I wondered about reducing all homes by 10% to sell them - and I think this is in part a validation of that assumption. I had a wonderful comment about ...
Read more

Skaneateles Real Estate - The Weekly Update

Image
Last Friday I returned from Manhattan in the morning.  I had just gone down on Thursday morning planning to come back the same night, but I was concerned about the flooding I had seen on the drive.  I stayed over, got a quick walk in on Riverside, then started home.  I flew out of the city easily - the Henry Hudson is so fast and uncomplicated in the morning! - but found myself sitting in traffic on 81 in Binghamton.  I listened to the reports:  the Governor was somewhere in a helicopter overhead, there were photos apparently of just the tip of the golden arches of some McDonald's restaurant somewhere, the water had crested but was threatening the structure of bridges.  I heard Owego was hard hit, and thought of Adam Weitsman's business (see http://www.syracuse.com/ for updates on this and his response).  I can't stand sitting in traffic, so I turned off and took Route 11 until I lost it somewhere in the country.  I stopped along the way at a sma...
Read more