Getting the facts straight on youth unemployment rates

Old mistake in today’s article on European responses to austerity measures – here, as reported by Karen Kissane in The Age in Melbourne:

Meanwhile, in Greece, a country spiralling into poverty with more than half of its young people unemployed,

 

This seems to be a common misinterpretation. A Reuters report led with the headline:

Read the whole post –> Getting the facts straight on youth unemployment rates

What you measure and how you measure it – the Greek financial example

A salutary reminder that just because things are measured precisely (such as money) doesn’t mean that the measurements are valid or useful. As reported by Louise Story, Landon Thomas Jr and Nelson D. Schwartz, in the New York Times on 13 Feb 2010 :

As in the American subprime crisis and the implosion of the

Read the whole post –> What you measure and how you measure it – the Greek financial example