I see Yahoo puts the linked article that seasonal layoffs are the reason unemployment increased. Fair enough, but this same group touted the drop in unemployment and failed to mention seasonal hiring.
I have long believed in the three kinds of lies... There are lies, damn lie and then there are statistics. Every time I see a statistic, I just roll my eyes. Sadly, it may be correct but studies and statistics tend to prove whatever you wish. If you take data and torture it enough... it will confess to whatever you wish.
Regardless, real unemployment is considerably up. The only sector that appears to be hiring is the government sector. Government sector jobs are merely drains on the economy and since you took a human resource out of the workforce, you have reduce productivity by that person's production possibility. Instead, the private sector has to feed another looter that does not produce anything of value.
Oh well, the only reason metro areas lost jobs was seasonal employment... Lest we forget, those were never meant to be real employment numbers. At least those who were laid off can get in line to get as much as three years unemployment pay for not working.
Unemployment Rises in Nearly Every Metro Area
No comments:
Post a Comment