Originally Posted by
CarpeDime
"unemployment" and "jobs" are meaningless terms because they equate all jobs
if an economy adds 20,000 jobs with sh*tty conditions that pay 50 cents an hour, is that better than an economy that adds 10,000 jobs with positive conditions that pay 20 dollars an hour? of course not
"unemployment" and "jobs" numbers are meaningless without info on what kinds of jobs are being "gained" or "lost"
and that assumes that the numbers themselves are accurate, consistent and measured appropriately, which of course they aren't
anyone who uses "employment" or "jobs" numbers as the basis of anything is either a fool or being intentionally deceptive