Numbers like the U3 and even the U6 are manipulated like crazy, and always revised upwards after the big announcement. This number is harder to fudge. Prior to 2008, about 62-63% of the population had jobs. Now 58-59% do. We call this a recovery?
Don't worry, should Romney win the election, the press will suddenly remember that there are numbers that are far less bogus than the ones they customarily report when someone they like is in office.
To change the culture V: metahistory
2 days ago