Posted on 07/02/2010 5:35:12 AM PDT by C19fan
Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment reflected a decrease (-225,000) in the number of temporary employees working on Census 2010. Private-sector payroll employment edged up by 83,000.
(Excerpt) Read more at bls.gov ...
Unexpected!
It’s just sickening to see this national decline...when we know what would turn things around. We could have gotten started in 2008 & be pulling out of this by now.
Something sounds fishy. Unemployment drops when we lose jobs.
Unemployment rate fell because almost 800,000 people dropped out of the labor force. The number of people from the household survey who answered they were employed fell by 300,000.
Obama, Pelosi and Reid will spin these numbers until we are dizzy...
Once again I ask, how are there less jobs and yet unemployment number goes DOWN?
So confused.
Some of these numbers appear to be cooked and lack any correlation.
Those numbers will edge back up, once they’re “revised” to account for “new information.”
How did they manage to lower the unemployment rate when there are fewer jobs? I suspect “seasonal adjustment” or abuse o the birth/death model but have to get the raw data to figure it out. Fishy, to say the least..
Yeh, I don’t get that either.
Economic warfare is the oldest and most efficient tool of the communists. Far more effective than the gun.
Jobs lost! Unemployment down? I don’t understand. Must be the “new” math!
the lies continue
Only if you assume the other factors are constant. Fewer people are looking for a job, so they have dropped off the denominator.
That would assume that McCain would listen to Palin’s advice on how to fix the economy.
A few weeks from now we will probably get a little Friday night blurb that will “unexpectedly” adjust the numbers up to 9.8 or 9.9.
Unemployment Rate = # of Unemployed/Labor Force. The key is in order to be counted as unemployed and part of the labor force you have to be actively seeking a job. So you can no longer be counted as unemployed because you gave up looking for a job so that is what happened in June.
Yes. Just this morning, I saw the queen Peloser pronouncing that paying unemployment benefits creates jobs!
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