To: lelio
When 150k jobs need to be created just to employ those entering the workforce, a number of 32k is hardly anything to rally around. It means around 120k people didn't get a job this month that wanted one. Indeed. That's why the unemployment rate went up -- oh! Wait! Unemployment went DOWN! So what are YOU talking about?
27 posted on
08/06/2004 5:46:21 AM PDT by
ClearCase_guy
(The Fourth Estate is a Fifth Column)
To: ClearCase_guy
Its two different surveys.
UE rate probably went down because the labor market got smaller.
If we were adding 200,000+ jobs, the UE rate might gone fractionally up, and that would be a good thing.
31 posted on
08/06/2004 5:47:41 AM PDT by
RWR8189
(Its Morning in America Again!)
To: ClearCase_guy
Unemployment went DOWN! So what are YOU talking about?
How is the unemployment rate calculated?
41 posted on
08/06/2004 5:51:44 AM PDT by
lelio
To: ClearCase_guy
Indeed. That's why the unemployment rate went up -- oh! Wait! Unemployment went DOWN! So what are YOU talking about? ok, time for a duh moment. If 200k people fall off the unemployment lists due to running out their elegibility, and 120k come into the market seeking jobs, the unemployment percentage will go down because 200k are no longer being reported whether they got hired or not. Hiding in plain sight.
332 posted on
08/06/2004 9:10:24 AM PDT by
Havoc
(.)
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