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Friday, January 7, 2011

Follow Up: "Economists are Know-Nothings"

1/6/11- CNN/Money survey: Job hiring outlook brightens in new year-- "Economists are raising their forecasts for employment growth, as various job readings are suggesting that the long-awaited hiring boom may finally be here ...  Economists surveyed by CNNMoney are predicting a gain of 150,000 jobs"

And Yet....

1/7/11-  Jobs Growth Disappoints But Jobless Rate Falls (Reuters) -- "Employers hired fewer workers than expected in December and a surprisingly large number of people gave up searching for work, tempering the positive news of a big drop in the unemployment rate... The department's survey of non-farm employers showed payrolls increased 103,000 last month"

Just Another example that "Economists" are clueless about this recession.

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