how could California “lose” 300,000 jobs last month when the posted national job loss total for January was 20,000 just revised to 26,000, and 36,000 for February?
enquiring minds
It is the new math as taught in the Publik Skools.
Obama borrowed John F’in Kerry’s calculator.
“how could California “lose” 300,000 jobs last month when the posted national job loss total for January was 20,000 just revised to 26,000, and 36,000 for February?”
I believe it was an adjustment to previous numbers. Typically they use “models” to smooth out the estimates and those models always (lately) smooth to the up side in employment. However, sooner or later they have to admit that they have been lying and adjust the numbers to add in those they have not been counting in the past. This allows the government to say we only lost 30,000 jobs this month and oh by the way we’ve just adjusted our number for past months and added 300,000 additional unemployed to the total. MSM only reports the first number not the adjustment so no one is the wiser unless you’re like me and go to sites where they actually discuss the real numbers.
Oh, and if you include people that have given up looking for a job or can only get part time but want full time employment or could never get employment in the first place (recent grads) then Cali is at more that 20%.