Re: Not the math I learned in school

Posted by Dean on February 03, 2012 at 10:04:41 from (67.172.15.77):

In Reply to: Not the math I learned in school posted by LAA on February 03, 2012 at 08:04:57:

According to the Bureau of Labor Statistics own numbers (non seasonally adjusted), 2,300,000 jobs were lost in the last month. The official 243,000 increase is a "seasonally adjusted" funny number that will be quietly adjusted down (though not to the real figure) in a week or so.

The official unemployment rate if based upon a survey rather than the BLS numbers. Nearly all of the decrease in the official unemployment rate in the last several months is due to a shrinking workforce, i.e., people giving up and droping out of the work force.

It is an election year.

Dean

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