Anomalous Jobs Data?
Okay, I'm really leaving soon, I swear, but there's one last thing I had to share.
EconoPundit asks some interesting questions concerning jobs data. Were employment figures systematically inflated in 2000? Recall at that time that jobless numbers were well below what most economists had previously considered "full employment". He doesn't seem to be implying deliberate deception, but rather that updated census figures skewed the employment models. It's an interesting read with lots of implications. How many of the "1.5 million jobs lost" never existed in the first place? Check it out.