13 September 2018

Big Lies - part the first

If you're going to lie, might as well make it a big one. Today is unemployment reporting day, and once again the reported number of new claims is the lowest since 1969. There will be a tweet in due time taking credit for this. Which isn't even true, in the time series sense. But consider the base number for 1969 and 2018: the size of the labor force. The BLS has such data, surprise! Here's the picture.

If you look real close, you can see that the labor force has doubled. Not an apple to apple comparison.

No comments: