26 January 2011

Nonsense Revisited

December joblessness in the state dropped to 11.7% from 14.5% a year earlier. That is the lowest unemployment rate in nearly two years (since January 2009). The number of unemployed in Michigan fell 20.6% over the year to 555,000 at the end of December. The state’s annual unemployment rate fell in 2010 for the first time since 2005 to 13.1% from 13.6% in 2009.
But, according to the state agency that monitors employment, the December decline “primarily reflected a reduction in the number of unemployed individuals seeking jobs.” In fact, the state’s total employment level hasn’t budged much since July, after rising steadily in the first half of the year, Michigan’s Department of Energy, Labor & Economic Growth said.

Essentially, the same number of people are out of work as before, but some aren’t counted because they’ve given up hope on finding a job.  The statistics claim that unemployment is down, but reality says otherwise.  And that’s why I don’t trust government statistics.

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