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To: MNJohnnie

I think it stands for preliminary estimate.


6 posted on 10/05/2012 10:22:48 PM PDT by stocksthatgoup (ZERO DARK THIRTY (coming soon to an embassy near you))
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To: stocksthatgoup
Thank you. So we do not have any solid data from the last two months merely preliminary estimates. Is that normal?

Also, if we added 114,000 jobs but the unemployment number went down 456,000 where did the other 342,000 go?

THE EMPLOYMENT SITUATION -- SEPTEMBER 2012

The unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care and in transportation and warehousing but changed little in most other major industries.

Household Survey Data

The unemployment rate declined by 0.3 percentage point to 7.8 percent in September. For the first 8 months of the year, the rate held within a narrow range of 8.1 and 8.3 percent. The number of unemployed persons, at 12.1 million, decreased by 456,000 in September. (See table A-1.)

10 posted on 10/05/2012 10:35:21 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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