How to Really Analyze US Employment Numbers
Posted by: Peter Brombergs UnBlog,
on 02 Dec 2011 |
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Unemployment Rate vs Total Employment Yes - the unemployment rate fell to 8.6 percent in November, but it also masks a startling shift in the job market. The Labor Department said Friday that employers added 120,000 jobs last month. With that, the unemployment rate dropped to the lowest level in more than two and a half years. But a key reason for the drop was that hundreds of thousands of people who could work had stopped looking for work. The report showed 487,000 people left the labor...