The real (U6) unemployment rate is 15.6% folks!
http://portalseven.com/employment/unemployment_rate_u6.jspolks.
So they’re not looking but still unemployed and the unemployment rate goes down??
There was only aroung 120,000 jobs ‘created’ last month, about the same range as in recent months. Therefore, there has to be another logical explanation as to why a 9.1% unemployment rate suddenly drops to 8.6%. Does the Media dig into the numbers? Cry ‘foul’ as they would if the other party were occupying the Whitehouse?
No and no.
Labor Force Statistics from the Current Population Survey
Series Id: LNS13000000
Seasonally Adjusted
Series title: (Seas) Unemployment Level
Labor force status: Unemployed
Type of data: Number in thousands
Age: 16 years and over