The Homa Files

According to the BLS …

The number of employed people dropped by 119,000

… from 142,220,000 to 142,101,000

So, how did the unemployment rate go down?

Simple.

The BLS estimated that 368,00 stopped looking for work

In other words, the denominator changed more than the numerator.

I guess if Team Obama can get more people to stop looking for work, we’ll have unemployment problem licked.

Hmmm.

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This entry was posted on September 7, 2012 at 8:46 am and is filed under BLS, Employment - Jobs, Unemployment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.