Thursday, May 24, 2012
The difference between Jobs, Job losses and Job loss rates seems to confuse people so I thought I'd draw my own picture. The blue bars represent the public sector job loss data that is often published on Left leaning sites including the White House. The red line is just the sum of those job losses or if you want, just label it Jobs. The green line (with the black trendline) is the month to month variation of the red line. I only mention it because Heritage once created a graphic designed to treat it as significant that there was an inflection point in it just as HCR was passed. I hope this chart demonstrates just how ridiculous THAT chart was.