Friday, September 07, 2012
A Drop
Just so you know ... the recent unemployment data dump by the Bureau of Labor Statistics which pegged the unemployment rate at 8.1%, a drop from the previous 8.3%, neglects to highlight a few key statistics, viz, the actual number of persons employed, in fact, dropped by 120,000 and the workforce dropped a suspiciously staggering 580,000. It is the interplay of these two numbers that creates the convenient fiction that the unemployment rate is dropping. See: CPS Tables and click on the HTML version of the A-1 table under Monthly Household Data.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment