The Unemployment Numbers

The truth behind the unemployment numbers from the Bureau of Labor Statistics:

Labor Force Statistics from the Current Population Survey

 

The bottom line here is simple. The only reason the unemployment number is below 9 percent is that the number of people in the labor force is less than it has been. There are two ways to lower the unemployment rate–employ more people or remove people from the labor force so that the percentage of unemployed people is lower. As you can see, the number of people in the labor force is decreasing–not increasing. We are moving in the wrong direction.
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One thought on “The Unemployment Numbers

  1. I don’t suppose there’s much hope for this, but the “unemployment number” should count every able-bodied person between the ages of 18 and 67 (or whatever the current retirement age is). Omit college students.

    Yeah, that would be embarrassing for the Administration – any administration.

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