Who to Believe?
Comments (0) I hate this time of the month. The jobs figures come out and good or bad, you know immediately what the Democrats are going to say and how the Republicans will respond. But ZeroHedge has the most interesting take–so far. Not sure what to think of it, given my lack of experience and knowledge in the area of employment statistics. But according to ZeroHedge,
it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! (emphasis in the original)
What to think?
Update: Barry Ritholtz says ZeroHedge doesn’t know what he’s talking about.
Themocracy