The first of my two posts for GenFKD on the misleading economic statistics our government peddles are now available:
- Labor Force Participation: Why Are Fewer and Fewer Americans Working?
- Everything You Thought You Knew About the Unemployment Rate Is Wrong
My friend George Rasley over at ConservativeHQ did a write-up on my piece on the flawed U-3 “headline” measure of unemployment, which would lead Americans to think that the economy is rip-roaring given that the unemployment rate has fallen to 5.0%.
Thomas Lifson at American Thinker followed up on my piece as well in a post titled “Obamanomics explained in one chart.”