Sep 1, 2006 (Day to Day) — New numbers from U.S. Department of Labor point to a jobless rate of just 4.7 percent nationwide. Some media outlets tout employment figures as a major indicator of the nation's economic health -- but author and economist Gene Epstein says the jobless numbers shouldn't be taken too seriously.
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What the U.S. Jobless Numbers Really Mean
Sep 1, 2006 (Day to Day) — New numbers from U.S. Department of Labor point to a jobless rate of just 4.7 percent nationwide. Some media outlets tout employment figures as a major indicator of the nation's economic health -- but author and economist Gene Epstein says the jobless numbers shouldn't be taken too seriously.New numbers from U.S. Department of Labor point to a jobless rate of just 4.7 percent nationwide. Some media outlets tout employment figures as a major indicator of the nation's economic health — but author and economist Gene Epstein says the "spin" on jobless numbers shouldn't be taken too seriously.
Madeleine Brand talks with Epstein, author of Econospinning: How the Media Wash the Numbers You Need.
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