Jobs. Don't miss Tim Blair on how CNN is spinning 5.6 percent unemployment rate numbers -- and the comments section is also definitely worth a look (flagged by InstaPundit).
The phony benchmark behind CNN's jobs spin is the unsustainably high employment numbers produced by the Fed-generated artificial boom of the late 1990's -- with businesses in a frenzy to anyone and everyone for jobs which had no chance of being permanent. The best explanation of this artificial Fed-generated boom and bust comes from economist Roger Garrison.
Posted by Greg Ransom | TrackBack