“There are three kinds of lies: lies, damned lies, and statistics.”
On Thursday (Feb 2) Obama was all over the media claiming US employment was **UP** 243,000 jobs in January, while actual survey data shows a **LOSS** of 2.7 million jobs.
What went up? A “seasonally adjusted”, moving-average-style trend line – NOT ACTUAL JOBS.
TRUTH: despite recent (hopefully) seasonal job losses, employment OVER THE LAST 24 MONTHS is still slowly TRENDING upwards.
BULLSHIT: the economy created 243,000 jobs in January.
But which one sounds oh-so-much better when you’re in front of all those cameras in an election year?