Tuesday, August 18, 2009

Decrease In Acceleration Of Rise In Unemployment Falls, Leaving Economists Arguing Over What Actually Happened

by Benjo

Dizzying news:
The decreasing rate of acceleration of rising unemployment went down this month, leaving economists reeling in an effort to determine whether this was a good or a bad thing. “The accelerating rise in unemployment went down. That means people aren't losing their jobs as quickly,” said Branford Wilhelm of the University of Chicago. "That's good." But Jacoby Roughrider, of Princeton, disagreed, pointing out that “this is the decrease in acceleration of the rise in unemployment. That means the acceleration went up.” At his press briefing on Monday, White House Press Secretary Robert Gibbs said, “President Obama has not articulated a position on whether these numbers are what we want or what we don't want." But Gibbs denied charges that Obama was non-committal on not avoiding allowing a decrease in the rise of unemployment not to increase by the end of 2010, pointing out that “The President considers that one of his lowest non-priorities.”

No comments: