Yesterday the media was going on that we could hear the new unemployment numbers today and they very well could be above 10%, despite all the other signs of the contrary. Well take a look at this:
WASHINGTON (AP) Payrolls drop by just 247,000; jobless rate falls to 9.4 percent, sign recession ending.
The numbers are going in the opposite direction of what all the teevee talking heads were saying yesterday. It really seems like television economists are about the same as weathermen – they can always be wrong, yet they keep their jobs.