Unemployment Rate Falls to 9.5% as Report Shows 125,000 Jobs Lost in June - WSJ.com

FUNNY MATH: Unemployment Rate Falls to 9.5% as Report Shows 125,000 Jobs Lost in June - WSJ.com

What hits one right away in this article (not the reporter's problem) is the lack of a logical relationship between the net 'loss' of jobs (-125,000) yet a 'drop' in the unemployment rate (from 9.7% to 9.5%).

Not that one wants to say that the government statisticians are purposely lying. No, maybe they aren't.

But, since the math doesn't make sense in the two reports, one does wonder what else isn't reflecting what people see and feel about the economy and job market?

There were two schools of thought when the economy saw housing price increases rapidly outstrip income gains. Most thought everything was OK and their was nothing amiss.

Today, people seem to feel there is no problem with government borrowing all the money there is out there and, rather than restricting entitlements, letting them just blow out of the water. Yet, none of this produces jobs and huge numbers of people (including the current administration) see no correlation between government taking money out of the private sector and the private sector not creating jobs.

One's eyebrows do raise at this ability to ignore the obvious!