Last month I pointed out how The Dallas Morning News told us that Texas had simultaneously both gained and lost jobs.
Now we get the sequel.
First, we find out that Texas employers hired 41,700 new employees in October (a number almost identical to the jobs lost a month before). But then in another article (also from the DMN), we find out that Dallas-Fort Worth “lost about 60,000 jobs in October compared to a year earlier.” Both stats, conveniently, come from the Texas Workforce Commission.
OK, so I guess you could argue that the DFW area lost 60,000 jobs while other parts of Texas gained 101,700. If so, how do you explain the unemployment rate rising from 8.2 percent in September to 8.3 percent in October? Something’s not adding up.
Further, the first article states that “Dallas-Fort Worth lost 59,100 jobs between October 2008 and last month”, while the second article (quoting the Dallas Federal Reserve) says that DFW has “lost almost 115,000 jobs this year”.
Have we lost 59,000 jobs in the last year or 115,000? Did we gain 41,000 jobs in October or lose 60,000? Honestly, I don’t think anyone really knows.
And that’s why our economy is so screwed up.