Funny and always relevant stuff in headlines from a mathematically literate world. Given the frequent rantings here at Loose Change on delusional interpretations of unemployment numbers this contribution was appreciated:
Our World: Unemployment Rate Jumps from 7.6% to 7.8%
Mathematically Literate World: Unemployment Rate Probably a Little Under 8%; Maybe Rising, or Not, Can’t Really Tell
Also highly recommended fun reading is 20 easy steps for trading up from a paper clip to a house.
HT to expatriate economist Justin Wolfers