Season 1 · Episode 36
Lies, damn lies and employment statistics
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
April 13, 201719m 27s
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Show Notes
Figures out in the US last week showed the unemployment rate had dropped to just 4.5 percent, a long way from the 10% rate back in 2009. Yet Donald Trump won an election, in part, because he was there to protect jobs for Americans. Phil Dobbie asks Prof Steve Keen What’s the problem when so many seem to be gainfully employed? The answer, it seems, is that you can do anything you want with statistics. Take a look at this graph to see his point: https://fred.stlouisfed.org/graph/?g=djl1
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