How do European economists dare to state that 115.000 jobs added in the USA is ‘disappointing’
I’m a somewhat hot tempered guy. At my age one knows that this is often
a bad thing. But not today. How does even one European economist dare to twitter (which quite a lot did) that an increase of 115.000 jobs in the USA is ‘disappointing’ when unemployment in Europe rises with more than 200.000 people a month. Notice that almost all of the recent increases are concentrated in the Eurozone. Source: an official Eurostat graph. These economists do not just not know how to read graphs. They don’t even know the graphs. Fire them.
Figure 1: Change in the number of unemployed persons (compared to previous month, in thousands), seasonally adjusted, January 2006 – March 2012