“Jobless claims highest since 2002″ – is this a misleading headline?
June 28th, 2011 | 
Author: Question by Randall E: “Jobless claims highest since 2002″ – is this a misleading headline?
The headline:
http://biz.yahoo.com/ap/080807/economy.html
The context:
http://2.bp.blogspot.com/_otfwl2zc6Qc/SJsMS-Xpe3I/AAAAAAAAFVk/X5RmfUP7whw/s1600-h/claims1.bmp
http://mjperry.blogspot.com/
Shouldn’t jobless claims be measured in proportion to the total labor force?
I’m quite sure jobless claims will be higher in the year 2200, with a US population of 600 million andworkforce of probably 350 million, than they are today. Does that necessarily mean the economy will be worse?
Rerugged, of course if you’re not looking, you’re not counted as “unemployed.” You chose not to work – you’re a home-maker, a full-time student, a retiree, a prison inmate…..
Best answer:
Answer by netjr
The misleading part to me is that jobless claims are lower in 2002 and now then they were for the previous 20 years. The fact is our economy grew in the last quarter so there is no technical recession. The aches and pains we feel are in home values and energy prices – not jobs.
What do you think? Answer below!
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