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TheRealMafoo said:

http://money.cnn.com/2009/08/07/news/economy/jobs_july/index.htm?postversion=2009080708

Two facts in this article:

  • A quarter of a million more people lost there jobs.
  • Less people are trying to find jobs.

Now, there are a lot of ways to look at this information. None of it is really good. However, a convenient byproduct of more people giving up on looking for work vs losing there jobs, is the unemployment rate drops.

So the only thing you could get out of this that looks good on paper, is unemployment drops from 9.5% to 9.4%. 

That's not the story, that's just statistics playing tricks. But, if you read the article, it should like a good thing.

God I hate the media.

I couldn't agree more. The media exists for only 2 reasons, to make a profit and push a political/social agenda. The sooner everyone realises this and stops taking news reports at face value the better off everyone will be. The way science is used in the media particularly annoys me. I've lost count of the times some obscure study from an unaccredited source is passed off as 'scientific fact' and used to prop up an argument.