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Unemployment Numbers Are for Dummies

Literally half of the drop in the unemployment rate over the last year is due to shrinking the size of the workforce -- in other words unemployed are no longer being counted as they are removed from the workforce.
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Worst. Jobs. President. Ever… July Unemployment Drops to 7.5% as 37K Leave Workforce

US Politics / Conservative : Gateway Pundit (last year)

Barack Obama is the worst jobs president since the Great Depression. The unemployment rate dropped today from 7.6% to 7.5% after 37,000 Americans left the US workforce. July payroll employment increases (+162,000); unemployment rate... Read Post

Unemployment Rate Drops Slightly As More Than Half A Million Americans Give Up Looking For Work

US Politics / Conservative : Say Anything Blog (2 years ago)

“The more you drill down into the November jobs report, the worse it looks,” writes Jim Pethokoukis. How could it look bad when the unemployment rate is shrinking? Because that rate isn’t shrinking because more Americans are finding... Read Post

The Size Of North Dakota’s Workforce Has Increased 31% Since 2000

US Politics / Conservative : Say Anything Blog (2 years ago)

At the national level we’re not making a lot of headway on the economy, but the national unemployment rate keeps edging down because the national workforce is shrinking. And it’s shrinking because so many people are leaving it, givi... Read Post


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