A Tale of Two Surveys

Everyone was surprised that the US unemployment rate for September dipped to 7.8%. Interpreting the number as evidence of an accelerated recovery, some people were delighted. Others advised caution, saying the statistical source of the unemployment rate is not always…

Apples, Oranges, and Government Pay

Hearing that federal employees earn more than people working in the private sector, how should we respond? Let’s look at the facts. Assessing someone’s earnings involves salaries and benefits.  According to the BEA (Bureau of Economic Analysis) at $81,258, the…