On 8/5/11 2:19 PM, Eisboch wrote:

wrote in message
...
On Fri, 5 Aug 2011 09:41:45 -0400, "Eisboch" wrote:

I am not very good at math.

Can someone explain that how adding 117,000 new jobs/mo (good news)
when it
takes 157,000 or more/mo to keep up with the population growth causes
the
unemployment rate to *drop*?

Clearly. It's better than 18K jobs added or even a negative number. I
guess you don't remember the US bleeding 700K jobs per month during
the last part of the Bush admin/beginning of the Obama admin.

I understand that. I didn't understand how 117K/mo of new jobs lowered the
official unemployment rate if it takes at least 157K/mo of new jobs just to
stay even.

However, someone else gave a plausible explaination. The government only
counts
people who are actively looking for jobs. Those that aren't or gave up
are not
counted.

In other words : Fuzzy math.



It's been that way for a long, long time.

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