Correction to the May Unemployment Chart from Innocent Bystanders

Many of you have seen the chart created by Geoff at Innocent Bystanders – you know, the one that compares real unemployment with Obama’s predictions. It turns out that the chart was wrong and the actual unemployment data was off by a month.

It turns out the update actually makes Obama’s predictions look worse.

This begs the questions:  If Obama’s predictions on the stimulus were so bad, why should we believe his rosy predictions on Cap and Trade and healthcare?

Just a thought.

From Innocent Bystanders:

So here’s the new chart, where you can see that the effect of the correction is to move the actual unemployment rates one month to the left.

This, of course, makes the situation look even worse.

I’ve also added more points to show the monthly data since Oct ‘08. The Obama team’s graph was plotted by quarters instead of months, so the numbers don’t quite line up.

Sorry for the mistake. At least nobody can claim that I was coming down too hard on Obama’s economic team.