Friday, January 8, 2010

Another Problem with Unemployment Numbers

Here's a problem that overstates the unemployment situation.

Yesterday and this morning, I overheard two separate conversation where a person was telling a friend about where he was working, and then said, "Yeah, and I'm still collecting unemployment."

I wonder how much of this is going on. Obviously, workers collecting unemployment are going to be very reluctant to tell outsiders about their job.

With a general sense out there that Goldman Sachs is ripping off the system, I also wonder if more people are less concerned about the moral implications of ripping off the state.

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