How is this possible:
114,000 jobs added in September 2004 drops U3 Unemployment by 0.1%
114,000 jobs added in September 2012 drops U3 Unemployment by 0.3% (when we have a higher total population)
Same number of jobs, bigger total labor pool, and you get three times the drop in unemployment?
Other than manipulating data, what other plausible explanation is there...?
I recall sometime last month, I heard a report on the radio that the DOL has “discovered” 800K jobs that had been “missing” from the stats. There weren’t many details provided as to how this occurred and I remember thinking that this sounded awfully fishy.
I’m guessing these 800K jobs were added into the overall number.