The Channel logo

It's worse than that, Jim

The problem with (un)employment statistics is that if Microsoft shed 5,000 software engineers in the same month that McD's take on 5,000 burger flippers, there's no net change in employment levels. Economists are human too and are easily tempted to use statistics that are readily available rather than try and delve behind the raw numbers to see what's really going on (cf. the use of GDP - an almost meaningless number, but one that's regularly produced by nearly all governments as part of their tax collection activities).

Forums

Forgotten password

Opinion

euros_channel_money

Tim Worstall

Time to take a sniff at the coffee, perhaps
joe_tucci_emc_channel

Chris Mellor

Will they have to drag him back like last time?
chain_relationship_channel

Features

cloud_accounting
Playing the SLA long game
channel_teaser_money_top
cloud computing Fight
Applications must work for the cloud to float
Paul Cormier, Red Hat
How a Unix killer crawled from the dot-com bust