Archive for December, 2011

Statistical Sleight of Hand

Saturday, December 3rd, 2011

Well, the monthly unemployment figures for November were released yesterday and the usual confusion and negativity dominated the reporting. The news was mixed, most pundits said, as the economy added only 120,000 jobs, yet the unemployment rate fell to 8.6%. How could the rate fall by .4%  to its lowest level in 2.5 years with so few jobs created, they mused. A riddle to be sure.

To the pundits and so-called experts out there I have one suggestion- take a statistics class. And do a little research. Okay, so that’s two suggestions. (more…)