Varney stated deep in the report 300,000 gave up looking for work thus the lower unemployment rate.
This report from the gov’t is bogus big time.
Correction not 300,000 left work force IT more like 504,000.
http://www.zerohedge.com/article/nfp-36000-huge-miss-146000-expectations-9-unemployment
“Varney stated deep in the report 300,000 gave up looking for work thus the lower unemployment rate.”
So if 100% of workers gave up looking, then we’d have 0% unemployment?
Lies, damn lies and statistics......
Yes, but if so, the U-6 number should go up... but it went down, also. So, I'm a bit confused on this. The economy clearly isn't great, but it's had a lot of stimulation.
This report from the gov’t is bogus big time.
Yup. Those who gave up looking for work or exhausted their unemployment bennies aren't counted.
My Sis works on the Street - she says that her firm discounts ALL unemployment figures between November and March. All figures are skewed at this time due to part-time holiday hiring [and then layoffs in January].
She sez the first reliable figures will come in about March 1.