Sunday, January 31, 2010

Unemployment Numbers That Don't Match Up

This Friday, the unemployment data will be released for the month of January.

Last month, 43 states saw their unemployment rates rise (Click to See Full Story from ABC News: Unemployment Rose in 43 States Last Month).

Yet -- unbelievably -- the national unemployment rate remained steadfastly at 10%. Since when is a whole number less than the sum of all of its parts? I guess when all the bean counters report to the President and the President is down in the polls!

That is why I didn't and the stock market didn't get too excited about that supposed better-than-expected GDP claim of last Friday.

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