Saturday, November 5, 2011

No, The Jobless Rate Didn't 'Dip'..

Headline: Jobless Rate Dips to 9 Percent

No, what it means is 9% of people are collecting unemployment benefits, not that more have gotten jobs. IOW, more people have been out of work for so long, the Gov't doesn't count them anymore.

Lying w/ numbers while they try and ruin the country.

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Justin Buist said...

Unemployment is measured by more than just unemployment insurance claims. There's the household survey and the business survey.

If you go back to the original report here you'll see that the 9.0% unemployment came from the household survey. The private industry (minus farming) job increases came from the business/establishment survey data.

Unemployment claims weren't even discussed in the original report.

PT said...

More like between 16% to 23% according to the old methods of calculating unemployment