Thursday, May 27, 2010

See a pattern developing?

The economic rebound last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to stay stubbornly high this year. More evidence of high unemployment: The number of newly laid off workers filings claims for unemployment benefits dropped last week but the level still remained higher than expected.

We keep getting great reports and optimist projections, which are later adjusted downward towards reality.

Because the rollback is never as well publicised as the initial story, it's almost as if they're purposely manipulating the numbers to generate positive news . . .

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