Bob's Links and Rants

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Friday, August 01, 2003

The economy lost 44,000 jobs in July. While that's an improvement from the 72,000 shed in June, economists were hoping that positions would actually be added. -- AP (my emphasis).

Gee, Mr. Smith, things are looking up for you! Last month you lost your entire left hand; this month you only lost four fingers off your right hand. That's quite an improvement! I can almost guarantee that you won't lose that many fingers again next month!

When EVERYBODY is unemployed, the lost jobs number will have "improved" to zero. When you got nothin', you got nothin' to lose.