8/7/09

Fun with Employment Numbers

Julys unemployment rate was dropped to 9.4 % ...


This is how that happened ...

Non-farm payroll jobs lost 247,000 jobs ...
Construction jobs lost 76,000 jobs ...

The number of workers dropped from 154,926,000 in June to 154,504,000 in July ... What happened did some folks pass away ?

Numbers of workers no longer looking for work 796,000 ... Wow, so if I stop looking for work I'm NOT unemployed !!! That must be that new math.

July unemployed 14,500,000 ... Adding the 796,000 to the 14,500,000 we get 15,296,000 unemployed out of 154,504,000 for a rate of 9.9 % ... gee that looks alot worse than the 9.4% reported ...

This is a one time fudge out to inflate the July numbers. I can almost guarantee that the Obama administration pressured someone to do this.

Jeff Carlson

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