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Numbers Game: Making Sense of Today's Jobs Report

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Numbers Game: Making Sense of Today's Jobs Report

Post by gettheminNOVEMBER on Fri May 06, 2011 3:15 pm

“It doesn’t actually mean unemployment rose last month,” he explained. “Instead, it reflects a kind of statistical catch-up.”

As you might expect, members of Congress today chose to focus on one survey or the other according to their political views. Democrats saw the 244,000 jobs added to payrolls in April as a positive sign that the country’s economy is improving and the Obama administration’s policies are working. Republicans viewed the rise in the jobless rate back up to 9 percent as a negative sign that the economy is not recovering as quickly as it should be and the administration’s policies are failing.

Waiting Waiting for the 15 MILLION jobs we need. NO mention from goolsby this morning of the ONE MILLON that applied to 62,000 McJOBS!

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Re: Numbers Game: Making Sense of Today's Jobs Report

Post by jmainframe on Sat May 07, 2011 4:48 am

In this topsy-turvy world that we now live in, sure, 244,000 new jobs would cause the unemployment rate to rise! Also, do those jobs figures include those 62,000 McJobs?

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