A FUN EXAMPLE OF MEDIA SPIN
Posted in Uncategorized by Baba - Sep 03, 2016
The article headline on a current PBS website reads: US ECONOMY STEADILY IMPROVING…”.
What they claim as proof of their cheery report is a statistic showing 151,000 new jobs created last month.
However, they did not factor-in the newcomers, those who reached the milestone in life of entering the workforce for the first time.
About 120,000 jobs are needed each month to accommodate newcomers. To ignore this number is to make the job picture look like it is “steadily improving”. (151,000 minus 120,000 = 31,000 actual new jobs becoming available to existing unemployed workers.)
Another overlooked fact is wage growth and the labor force participation rate, which stayed steady at 62.8 percent for the period. (100% minus 62.8%=37.2%… which is the number of working-age people who are eligible to work but are not employed [that’s 94 million people representing a 29% unemployment rate!])
Statistics are like a bikini… what they reveal is not as critically important as what they do not reveal.
Register and vote against Crooked Hillary and the Liberal Media empire. Vote to save America!
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