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To: xzins

If Christmas hiring got unemployment down to 7.8 THIS year why didn’t that happen last year? Or the year before that?


27 posted on 10/05/2012 6:36:04 AM PDT by An American In Dairyland
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To: An American In Dairyland
If Christmas hiring got unemployment down to 7.8 THIS year why didn’t that happen last year? Or the year before that?

All unemployment extensions expire around Jan 14th 2013.

I have a hunch those who have already expired are being counted as working (whether they got a job or not)

And perhaps those about to expire jump on a short-term, part time job (perhaps dressed as a pirate on the street corner near a Halloween Store).

Others probably got a part time job which opened only during the holiday season.

The USPS did a BIG hiring spree for the holidays as well. The did a mass mailing of post cards announcing that. But again, short term jobs that last until jan.

41 posted on 10/05/2012 6:48:50 AM PDT by tsowellfan
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To: An American In Dairyland; 9YearLurker; tsowellfan
See tsowell's post at 35 and follow the link to:

Update: Bloomberg’s Alex Kowalski has an explanation that covers most of the confusion: The household survey showed an 873,000 increase in employment, the biggest since June 1983, excluding the annual Census population adjustments. Some 582,000 Americans took part- time positions because of slack business conditions or those jobs were the only work they could find. Jeryl Bier points out another part of the explanation:

43 posted on 10/05/2012 6:53:31 AM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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