Ninety three percent of Americans believe Elvis Presley is dead. That means 7 percent believe he’s still alive. The real insight here is that 7 percent of Americans are morons.
The secondary insight is that a statistical result of 93 percent or more is near conclusive. The Elvis factor, up to 7 percent, is too trivial to warrant consideration. Anything less than that should be taken as mere noise.
According to the Bureau of Labor Statistics, the unemployment rate fell to 5.3 percent in June. This is the lowest it has been since April 2008. This is an especially remarkable feat considering economic growth has been stuck in first gear since the recovery began in 2009.
Hence, we must pause to praise the headline number before pelting it with rotten tomatoes. A 5.3 percent unemployment rate is (Read More....)
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