Tuesday, May 6, 2008

Why US employment data is worse than it looks

Why the US employment picture is much grimmer than it looks

Markets have got very excited recently over talk that the credit crunch could be over, and better than expected US economic data. But take a closer look, and the reality is quite different…

Posted by damien @ 11:50 AM (534 views)
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2 thoughts on “Why US employment data is worse than it looks

  • “But take a closer look, and the reality is quite different…”

    The trouble is that an awful lot of people won’t take a closer look. They will believe what they were told in the ‘news’ last week because that is more comfortable for them to believe.

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  • whiteknight says:

    Oh… they will.

    But not before they are forced i will grant you.

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