In reality, the government report says unemployment rates remained steady at 9.5 percent. And the number of jobs actually rose, by 80,000. And the number of jobs for college-educated Americans rose more than in any month in the last six years.
via Did Unemployment Really Rise? – Floyd Norris Blog – NYTimes.com.
So is Norris saying that the normal procedures that make the news worse should be suspended, while leaving in place those (such as excluding people who are unemployed but not actively seeking employment) that depress the numbers?
I guess we’ll know next month.

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