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To: Nachum

[ BLS: Employed Up 67,000 in June; Unemployed Up 347,000 ]

In other words, for every ONE person who got a job FIVE+ (5.179 approx) people LOST a job.

This may be the most accurate reporting they’ve done in 7.5 years. Or closer to accurate than anything else they’ve claimed.


7 posted on 07/08/2016 12:41:01 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: SaveFerris
In other words, for every ONE person who got a job FIVE+ (5.179 approx) people LOST a job.

Not necessarily. The number of "unemployed" can increase because people who weren't looking for a job (students, discouraged people, etc.) now say they are - thereby entering the workforce.

That appears to be the case this month. Being unemployed doesn't mean you lost your job, just that you are now looking for one.

10 posted on 07/08/2016 1:08:31 PM PDT by semimojo
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