Letter: Only fuzzy math will show economic gains
Monday, Oct. 8, 2007 | 7:15 a.m.
The U.S. Bureau of Labor Statistics' most recent report states that 89,000 new jobs were created in August, which is being hailed by the Bush administration as a fantastic economic gain after a loss of more than 4,000 jobs reported a month ago. One has to wonder how these statistics are created.
Overall unemployment in all sectors is up to 4.7 percent, and up to 8.1 percent for blacks and 5.7 percent for Hispanics. Job growth for the first quarter of the year was reported at 142,000, for the second quarter at 126,000. The rate is slowing.
How does a slowing of job growth and an increase in unemployment constitute an improvement?
Maybe I need to have these statisticians take a look at my bank account. I may be doing better than the numbers indicate.
Wallace J. Henkelman, Henderson
archive
- Most Read
- Discussed
- Most E-mailed
- Live Blog: Pacquiao wins by TKO in round twelve
- Clubs want to be ‘good citizen,’ so stripper-mobile ends its run
- Police seek man who stole $2,000 worth of clothing
- Las Vegas club agrees to halt promotion featuring live dancers on truck
- Nuclear plant in Ely could complicate radioactive waste, water issues
- Now we can all see Islamic extremism for what it truly is
- Floyd Mayweather Jr. and Manny Pacquiao: The only fight fans want to see
- Manny Pacquiao says he feels stronger than ever
- Ensign Federal Credit Union fails
- Gorman tops Palo Verde to dance into Sunset finals
Blogs
The Kats Report
New face of Monte Carlo includes all the faces of Caliendo
The Greene Room
Predicting this weekend's Mountain West football slate (2 Comments)
Top Chef: Las Vegas
Top Chef Episode 11: Child's play
Miech Again
UNLV prez Smatresk is ready for some basketball (11 Comments)
Politics: The Early Line
Harry Reid's fourth TV ad begins running today
The Greene Room
Chad Ochocinco vs. Anderson Silva? That would be a sight ... (6 Comments)
Top Chef: Las Vegas
The Jet Stream: The three stages of chefdom
Calendar »
- 15 Sun
- 16 Mon
- 17 Tue
- 18 Wed
- 19 Thu
-
Actor's Expo at Rave Motion Pictures
Rave Motion Pictures Town Square 18 | 3 p.m. to 5 p.m.
-
Lily Tomlin at the Hollywood Theatre
Hollywood Theatre at MGM Grand
-
Neil Sedaka at the Orleans
Orleans Hotel-Casino
-
Supernatural Santana – A Trip Through the Hits at The Joint
The Joint
The Sun
Locally owned and independent for more than 50 years.
Technorati





