Friday, September 30, 2011

Things I Don't Understand About the Economy

This should be a new category.

Here's one of them. All reports say that first quarter growth this year was terrible, scarcely going anywhere at all. Yet for the first time since the crash, new unemployment applications fell to levels indicating healthy job creation and unemployment fell by a percentage point.

In the second quarter growth, though weak, ticket up. Yet unemployment applications spiked and job creation ground to a hault. What is going on here?

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