Reuters just reported the August 2008 Unemployment Rate, and I couldn't help thinking that ECONOMISTS ARE IDIOTS as a whole! If you want more background on why I think so, see my prior blog posting on the Inflation rate, and how "I told you so".
Per Reuters today:
The US unemployment rate unexpectedly shot up to 6.1 percent in August, its highest in more than 4-1/2 years, as employers cut
Friday, September 5, 2008
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United States Unemployment Rate
United States Unemployment Rate
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Unemployment
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business,
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Finance and Investing,
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