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Yavvanam Kaatesina Bewarse
Username: 310
Post Number: 1830
Registered: 12-2006
Posted From: 24.117.150.246
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, August 07, 2009 - 8:10 pm: |
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naatu uncle
Update: Jim Geraghty and James Pethokoukis throw a dash of cold water and reason on these numbers:
In June, the Bureau of Labor Statistics said the civilian labor force was 154,926,000 people.
In July, 796,000 of those were taken out of their definition of the workforce, and thus their unemployment calculations for this month, because they have stopped looking for work “because they believe no jobs are available for them.” Ten percent of the June workforce would be 15.4 million, 1 percent would be 1.5 million, and so 796,000 is roughly one half of one percent.
In other words, BLS took .5 percent of what you and I would consider unemployed and took them out of their total. And with that, unemployment went down one tenth of one percent.
I recall the Left accusing George W. Bush of doing the same thing in 2002-3 in the unemployment figures — when they didn’t get above 7% or so. I guess it’s now OK to do it.
 800,000 people ni workforce lonchi reduce chesi unemployment rate thaggindi antunnaru |
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