Up or Down, It’s All Good News
So, despite a decrease in the national rate (because Americans have begun giving up on finding work), Rhode Island’s unemployment moved up to 12.7%. Not to worry, though; see, when the national rate decreases because folks give up, it’s a positive sign, and when Rhode Island’s rate goes up, it’s also a good sign:
The news is not all bad for the state. The total labor force — a number that includes the unemployed — grew to 573,700, its highest level in more than two years. A rise of 1,700 in the number of employed state residents contributed to the overall jump in the labor force, although that growth was outpaced by the increase in unemployed workers.
The silver lining, it would seem, is that, despite growing unemployment, there are more people competing for the fewer jobs. Yay!
A few minutes ago, I made a quip on the jobsite that the world is turning, the grass is growing, and RI’s unemployment rate is going up. One of the electricians smiled and said, “Yeah, but that’s a good thing.”
I think the public’s starting to discern another way in which the “analysis” with which news stories are served up isn’t to be taken seriously. I can’t help but wonder if this is the sort of banter that goes on under regimes with state-controlled media.