Friday, January 04, 2013

A common misconception

I've been doing some research for a book I'm writing, and have found that it's actually more informative to read the comments to news articles than it is to actually read the articles.  For example, the Labor Department released nonfarm payroll figures today, so there are plenty of stories rehashing that.  The interesting thing is the frequency with which people are commenting that people who have run out of unemployment benefits are no longer counted as unemployed.  This is wrong.  They have to stop looking to drop of the unemployment figure.

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