I never really understood why decreases in the rate of change of unemployment were considered such great news. "Good news, the second derivative has gone positive! we're plunging into the abyss slightly less quickly!" Only in a world of rampant, congenital optimism – or statistics-induced myopia – could four months in which 18,300 Americans lost their jobs every day be described as a period of "improving conditions".
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I'll be an optimist until the day I get laid off! And then I'll be clinically delusional.
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