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To: Olog-hai

An alternate view is that the jobs were created over a number of months but not yet counted; finally, as the seasonal corrections were updated the jobs were counted. But in no case were the jobs really created all in one month.


8 posted on 10/08/2012 11:41:34 AM PDT by steve86 (Acerbic by nature not nurture TM)
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To: steve86

I believe allowing young 16-30 year/old illegals to apply for work permits early this summer distorted the U-3. That executive order affected nearly 1.8 million illegals, many of whom were already working ‘under-the-table’. They are now counted as legally employed. Presto! U-3 declines! However the real job situation is still deteriorating.


15 posted on 10/08/2012 12:10:03 PM PDT by yadent
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To: steve86

The seasonal ‘corrections’ was probably where the fudging occurred, IMO.


18 posted on 10/08/2012 6:01:50 PM PDT by expat2
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