The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labor market this month after hiring stumbled badly in May.We have got to give these mainstream economists some credit. Week after week and month after month they consistently make their lofty predictions and they consistently get it wrong! I mean, at least they ARE consistent!
Initial claims for state unemployment benefits climbed by 9,000 to 429,000, the Labor Department said on Thursday. Economists had expected claims to come in at 415,000.
~ from Higher Jobless Claims Indicate Weak Labor Market by Lucia Mutikani ~
So, with such a poor track record, why do our elected leaders AND the mainstream media keep listening to them? Why do they treat them like economic messiahs? It should be more than obvious by now that we would get better predictions from an 8-ball or a ouija board! Hell, throwing darts at a dartboard blindfolded would probably be just as effective too.
Is it any wonder why our economy is in such a mess?
No comments:
Post a Comment
Comments are unmoderated, so you can write whatever you want.