In response to:

Lost Bet on Unemployment

stevemishket Wrote: Oct 08, 2012 9:39 AM
Mike, you have stated a most obvious error the media have made re: employment data. We should NOT be talking about the un-employment #'s but rather the employment #'s. Tax revenue and recovery comes from those who work not from those who do not. It is by far the more important statistic.

On Friday, I lost a bet made in March of 2010 regarding unemployment. I bet that the unemployment rate would not dip below 8% before June 2015.

I crunched numbers many ways and simply decided there is no way the economy could possibly grow enough jobs. It didn't and still won't.

I posted this chart at the time.
 
At the height of the housing bubble, the economy only added 212,000 jobs a month. I figured we would not...

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