The good news: according to CNBC, because more people were not hired, those still holding jobs were able to work longer hours: 34.2 hours/week vs 34.1 hours/week.
I am unable to make this stuff up.
Three points:
- Point 1: 34.2 vs 34.1 cannot possibly be statistically significant nor reproducible.
- Point 2: I assume both 34.2 and 34.1 were rounded, and therefor the difference may be even less than one-tenth of an hour (6 minutes).
- Point 3: Does anyone really believe that by employers having folks work up to six minutes longer per week means they can postpone hiring more people?
Update: the unemployment picture just got a bit bleaker with the firing/resignation/retirement of a prominent 89-year-old reporter loved by all.
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