“Companies added a net total of 67,000 new jobs last month”…. no wait… “Overall, the economy lost 54,000 jobs”… The economy cannot have a “net total increase” and “Overall, lose jobs” at the same time. The term “net total increase” is not a term of “art” … it is a term of science … it has a specific definition … no matter how hard you want to spin the story “net total increase” has a specific meaning …
Filed under: Economic Crisis, Economic Recovery, Economic Recovery Plan, Economists Against The Bailout, Economy, Employment, Unemployment | Tagged: Double Dip Recession, Economic Recovery, Economy, Unemployment | Leave a Comment »