Comments on: Hope in the jobs numbers http://blogs.reuters.com/felix-salmon/2011/11/04/hope-in-the-jobs-numbers/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TFF http://blogs.reuters.com/felix-salmon/2011/11/04/hope-in-the-jobs-numbers/comment-page-1/#comment-32806 Sun, 06 Nov 2011 16:26:40 +0000 http://blogs.reuters.com/felix-salmon/?p=10932#comment-32806 @BertC, the unemployment rate supposedly measures, “The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.” While the definition isn’t explicitly tied to unemployment benefits, there may nonetheless be a connection in that people whose benefits have expired gain nothing by declaring themselves to be formally unemployed. (And after 99 weeks of actively seeking employment, they might reasonably be discouraged.) When interpreting the unemployment rate, be careful to understand what it does and doesn’t measure.

“Hmmm……342,000 vs. 4.8 million.”
But this is apples and oranges. The 342,000 is a *net* addition of jobs. If 4.8 million jobs were destroyed, then 5.1 million jobs were created.

That isn’t enough to absorb the growth in the workforce, however. If we weren’t seeing so many “discouraged workers” as their 99 weeks of benefits expire, then the unemployment rate would be slowly rising.

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By: BertC http://blogs.reuters.com/felix-salmon/2011/11/04/hope-in-the-jobs-numbers/comment-page-1/#comment-32805 Sun, 06 Nov 2011 13:02:48 +0000 http://blogs.reuters.com/felix-salmon/?p=10932#comment-32805 342,000 jobs added in the last 3 months. 400,000 new first time unemployment claims each week for the last 3 months. Hmmm……342,000 vs. 4.8 million. And the unemployment rate goes DOWN!?! If you believe this, you’ve completely lost it. This administration will cook the numbers to say anything because they are only about one thing and that is getting re-elected and furthering their radical socialist agenda. America had better start getting up and smelling the coffee because time is running out.

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By: dWj http://blogs.reuters.com/felix-salmon/2011/11/04/hope-in-the-jobs-numbers/comment-page-1/#comment-32746 Fri, 04 Nov 2011 14:45:56 +0000 http://blogs.reuters.com/felix-salmon/?p=10932#comment-32746 In fact, just about everything except the single headline “80,000” fell into the “good but not great” (or maybe “okay but not good”, depending on your calibration) category; you don’t have to dig much. The other headline number — the drop in unemployment rate — came with a participation rate that was stable (“up” by much less than the margin of error), which hasn’t been the case for some previous moves. Europe is my biggest concern right now.

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