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By Jeremy Schiffres, Daily and Sunday Freeman, Kingston, N.Y.

Friday, December 4, 2009

Believe them ... or don't

Here are the first three paragraphs of this morning's story from The Associated Press about the nation's unemployment rate:

WASHINGTON – The unemployment rate unexpectedly fell to 10 percent in November as employers cut the smallest number of jobs since the recession began. The better-than-expected job figures are a rare note of encouraging news for the labor market.

Still, the respite may be temporary. Many economists expect the unemployment rate to climb into next year as the economy struggles to generate enough jobs for the 15.4 million people out of work.

The economy shed 11,000 jobs last month, an improvement from October's revised total of 111,000, the Labor Department said Friday. That's much better than the 130,000 Wall Street economists expected.

Do you see it?

In the second paragraph, we're told not to get our hopes up about the falling unemployment rate becoming a trend because "many economists" expect the job market to worsen in 2010.

Are these the same same economists who, one paragraph later, are proven to be completely clueless when it comes to predicting trends in the job market?

Perhaps these economists are the ones who should be unemployed.



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