Actually, do not laugh, this is great news for Conservative thinking. Why? glad you asked.
Over the last 9 -12 months, economists have known that about 1 million (good) jobs were available, but employers could not fill them. Economists opined and gave several reasons, such as:
1.) Upper Middle aged unemployed that are unwilling to relocate
2.) Social ineptness of young college grads making them unhireable
3.) White collar worker that have fallen technologically behind
But the most controversial reason was that people choose to be unemployed and collect unemployment benefits. The support for this argument was that every time benefits expired, hiring picked-up. I suspect 1/2 million people got Jesus since benefits are running out and a new Congress is in town. Conservative thinking wins again- take away socialism and people get to work.
Unemployment fell because the Labor Department's household survey determined that more than a half-million people without jobs found work.
So they just DETERMINED it to be so. Like the liberal Congress was going to "DEEM" the bill to be passed...
What a crock. They "determined" something to be so, but the survey of businesses finds differently. What a load of $#!+
I think the “steep decline” to 9.0% reflects a very large chunk of folks who have simply left the market; given up on ever finding a job and not on the UI rolls.
Either some one failed grade school math, or the article is poorly written.
We go through this every month...the 36K is a net figure...job gains minus job losses over the month. Effectively we’re breaking even with jobs on a monthly basis.