Joe Doakes from Como Park writes:
Looking at this chart, you might think non-farm employment has returned to pre-recession levels. No, the left side (Y-axis) measures CHANGE in jobs.
In other words, we’re no longer losing 7 million jobs per year as we did in 2009, we’re adding a million or so per year. But we’re nowhere close to where we were before the whole thing tanked.
Charts are supposed to make data EASIER to understand, to REDUCE confusion. What this one does is exactly the opposite. Since the guy releasing the chart is a Nobel Prize winning economics professor as well as a big Obama supporter, I have to wonder why.
Hat tip: http://www.powerlineblog.com/page/2?layout=blog
I’ll quibble with Joe on one point.
Charts are supposed to make data…serve a purpose. Usually, that purpose is “make it easier to understand”, it’s true. But by no means always.
In this case, the Administration is using them to conceal facts in plain sight, and gull the low-information voter.