Unemployment reporting is bogus: Losing fewer jobs equals a gain, right?

Bogus unemployment reporting

Seasonal adjustments may be erroneously calculated

Unemploymentreporting is always big news.

English: US Whig poster showing unemployment i...
English: US Whig poster showing unemployment in 1837 (Photo credit: Wikipedia)

This article calls into question the seasonal adjustments that the U.S. Bureau of Labor Statistics makes to the monthly jobs report. If those adjustments are incorrectly made, then the report — which is a monthly myopic view of the economy — is not terribly useful. Even worse, the entire scheme of unemployment reporting seems bogus to me. Continue reading “Unemployment reporting is bogus: Losing fewer jobs equals a gain, right?”

Getting to know my cat

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There is a new cat at my house. I really don’t usually like cats very much but this one is different. It’s sort of a 3-legged cat — Catrike, that is — the now-almost-famous three-wheeled recumbent cycle that has replaced the “normal” bike that carried me for 2800 wonderful miles last year. So yes, that’s correct:  I am an adult and I ride a tricycle. Continue reading “Getting to know my cat”