The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

More jobs
– and more unemployment!

Nov 8, 2004

When the October jobs reports came out, the newspapers, television networks, and radio stations all trumpeted that 337,000 jobs had been created.

You had to really read the fine print to find out that the unemployment rate went up.

How's that? More jobs but more unemployment? Maybe it was because the number of new jobs was less than the number of people who took on a second or third job.

Like they say, "Figures don't lie, but liars figure."