Are any of you puzzled about why you're not feeling great about the latest U.S. Unemployment Report? After all, the latest unemployment numbers came in at 4.6 percent. Ain't that wonderful?
And how can that 4.6 percent unemployment rate be true? With 93 million people out of the work force how can we be experiencing such low unemployment numbers?
Simple. It's the way the Obama Administration runs the numbers. Let me give you an extremely simplified example of how you can skew the job numbers:
1) Let's assume 10 people have the bubonic plague.
2) Eight people die and only two survive.
3) The "survival rate" for bubonic plague is obviously only 20%, right?
4) Wrong. You just throw out the eight dead people from your calculations , and just use the two survivors as calculating factors, and all of a sudden you've got a 100% survival rate for the Bubonic Plague! Ain't that great!
Well, folks, that's your "Lying With Statistics" lesson for today. You can indeed achieve a 4.6 unemployment rate, as long as you don't count the 93 million who have given up even trying to find a job.