Tuesday, August 9, 2011

July Unemployment 9.2%-9.1%: Great, No, Awful, No, Good, No, Bad

Here we go... again. Every month, as the latest unemployment figures are released, it's bemusing to see how various media outlet cover the exact same information. In July, unemployment took a meaningless down-tick from 9.2% to 9.1%. And yet you have headlines proclaiming everything from the truth: "It still sucks out there," to absurd notions that "all is rosy again," to "It's Obama's fault. It's all Obama's fault!" Here's a selection showing just how subjective the new is these days.