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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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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

US unemployment claims drop sharply

Business & Finance : Business Report (3 hours ago)

The number of Americans filing new claims for unemployment benefits tumbled last week to its lowest level in nearly 15 years, adding to bullish signals on the labour market. ||| Lucia Mutikani Washington THE NUMBER of Americans fili... Read Post

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