How is the Cooking the Books really going to end. By not counting those who has given up looking for work, as not unemployed is like painting a Happy Face on Satin. No matter what Satin looks like outwardly, he is still Satin and very Evil.
The Bureau of Labor Statistics has released the March jobs report, which contains both real and cosmetic positive news for the economy -- as well as a large helping of disappointing statistics. The genuinely good news is that 120,000 found work last month, which is an unalloyed positive for that group. The cosmetic "good" news is that the U-3 unemployment rate dropped from 8.3 to 8.2 percent. The ugly context? Here's CBS News:
The March jobs report was a disappointment: Only 120,000 new jobs were created, versus expectations of over 200,000 and the unemployment...
I couldn't figure out why my satin sheets were so hot and uncomfortable and smelled like sulfur. Turns out they were Satin sheets.