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![]() 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. |
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