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Unemployment Figures Revised Again

Sep 09, 2009

Remember when we were told that the July unemployment rate went down from 9.6% to 9.4%, and everyone got hyped about the "end of the recession"?

Well, as usual, the figures needed revision. That revision has finally come out, and once again--you guessed it--the situation was worse than first reported. Isn't it always? They had reported "only" 247,000 jobs lost in July, but now the figures have been revised to 276,000.

http://247wallst.com/2009/09/04/unemployment-still-heads-toward-double-digits/?icid=main|htmlws-sb|dl3|link3|http%3A%2F%2F247wallst.com%2F2009%2F09%2F04%2Funemployment-still-heads-toward-double-digits%2F

It would be nice to overestimate the job losses once in a while. That would give them some badly needed credibility. But they know that revised figures are "old news" that no one cares about, once the next month's manipulated figures are in.


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Dr. Stephen Jones


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