Comments on: 10.2% http://blogs.reuters.com/felix-salmon/2009/11/06/102/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Casper http://blogs.reuters.com/felix-salmon/2009/11/06/102/comment-page-1/#comment-8513 Mon, 09 Nov 2009 13:02:39 +0000 http://blogs.reuters.com/felix-salmon/2009/11/06/102/#comment-8513 Unsympathetic, I keep telling you, it is all the wine.

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By: Cezmi Dispinar http://blogs.reuters.com/felix-salmon/2009/11/06/102/comment-page-1/#comment-8452 Fri, 06 Nov 2009 21:06:26 +0000 http://blogs.reuters.com/felix-salmon/2009/11/06/102/#comment-8452 The job market is becoming a leading indicator.
A second round of fiscal stimulus is even necessary.
The situation on the labor market is important both for the monetary policy of the Fed and for the fiscal policy of the government.

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By: Unsympathetic http://blogs.reuters.com/felix-salmon/2009/11/06/102/comment-page-1/#comment-8431 Fri, 06 Nov 2009 14:02:58 +0000 http://blogs.reuters.com/felix-salmon/2009/11/06/102/#comment-8431 Felix –
Why, precisely, should people who have been unemployed for a long time no longer count as part of the unemployment statistic? They’re still out of a job. Speculations as to their mental state (“They gave up searching!”) are both condescending and incorrect.

The BLS models are just as inaccurate as the EMH. The unemployment stat is intentionally “sugar-coated” already through the gratuitously arbitrary exclusion of people who lost a job that wasn’t replaced in their town.

Why is it sugarcoated? If unemployment was reported accurately, big business wouldn’t continue to receive its tax breaks for “outsourcing.”

I can’t wait for you to arbitrarily reject my analysis but continue to not question the “wisdom” of the politicized BLS.

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