Explain this to me this, only 119,000 private sector jobs were added in april, gov jobs have been cut, 365,000 new jobless claims and as I understand it you need to add 200,000 jobs each month for new folks entering workforce numbers, how in the h**l can unemployment drop to 8.1%, I know retorical question, but frustrating even watching FOX talking about how good it is. WOW
Soon, they will be counting those receiving unemployment benefits as being employed, because, as Pelosi said last year, they ARE adding to the economy by receiving those benefits.
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Eric Holder (FNS) said on Wednesday that the BLS had 15 straight weeks of ‘revised up’ figures. He said that proved they were manipulating the weekly figures to make good headlines, then quietly, ‘revising’ the numbers a few days after.
Because the number shows the net jobs gain. For example, if 2 million jobs were lost and 2.1 million were created, the number would be 100K.
This is the great statistical fakery of the whole endeavor: if they call you and say you just gave up looking for a job, they don’t count you as unemployed. For purposes of the survey, you’re retired and happy with no money worries.