Thursday, April 20, 2006

Jobless Claims Drop! Let's... Celebrate?

The bean counters at the Labor Department claim that those seeking unemployment benefits dropped drastically during the past week. Cause to celebrate, right? The job market is on an upswing!

I don't think so.

Before you pop the cork on that champagne bottle, ask yourself these questions:

Does that mean that people simply ran out of unemployment benefits? Did they find jobs? If so, is the pay equal or more than what people are used to making? Or did they find jobs at the local 7-11, BK or Mickey D's? If they didn't find jobs, are these families preparing to become homeless?

You see, staticians can make the numbers mean whatever they want them to mean. Especially when the White House is busy shaking every tree it can find.

Smoke and mirrors, baby. And that is what it's all about.
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