Saturday, July 5, 2008

Abnormalities

From today's local paper:
"...the city's gross domestic product is expected to decline by 4.1% this year. Employment is forecast[sic] to increase by 2.5%, and personal income is expected to increase by 5.5%."

That's a pretty good illustration of how individual statistics can be misleading when the oil patch is involved - GDP is on the decrease because of falling oil production, but things are still doing pretty well.

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