Unemployment Down
May 09, 2004
Posted by jkhat at May 9, 2004 11:41 AM
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The Pudgy Pundit points out that not only is unemployment at a low 5.6%, but news outlets are actually reporting 5.6 as being a low number. Why am i so surprised by the media coverage?
According to a 1996 CNN news story, a 5.6% unemployment rate is "low." But to hear the media cite 5.6 today, you'd think that we were in the middle of the second great depression. This little discrepancy made its way around the blogging world a couple of months ago, but I'm mentioning it again because it's important that we not forget the bias in the media and how it feeds the idiocy of so many uneducated Americans.
Tim Blair has a great post on the topic.
Posted by jkhat at May 9, 2004 11:41 AM
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