Unemployment Numbers Don’t Tell the Whole TruthSubmitted by Doug Eberhardt on Fri, 08/07/2009 - 16:49
Today’s lower unemployment numbers have the NYTimes saying it’s signaling a shift in the economy and the White House is calling the job report good news for the economy.
But where is this “shift” coming from?
Face the facts, these numbers aren’t good. Only Health care employment went up. We’re not producing more as a nation. We’re primarily s service based economy and our manufacturing base is going the route of the VCR. The economy is still in shambles. Yet the DOW is up 170 points on this news (as I type) to 9426. WHY? Where was the real improvement in the economy?
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