4 ms·
Benjamin Disraeli: "There are three kinds of lies: lies, damned lies, and statistics."
by momentmaker 8y ago
Benjamin Disraeli: "There are three kinds of lies: lies, damned lies, and statistics."
- chrisco255 8y agoI'm well aware of the ability to twist statistics, but the unemployment rate is a decent yard stick for measuring changes in the labor force. And barring some underlying change in methodology for finding the statistic, it shows a trend over time in a positive direction: https://data.bls.gov/timeseries/LNS14000000 https://data.bls.gov/timeseries/LNS14000000 Wage growth is also ticking up: https://www.frbatlanta.org/chcs/wage-growth-tracker.aspx?panel=1 https://www.frbatlanta.org/chcs/wage-growth-tracker.aspx?pan... Which aligns well with the low unemployment rate.