Posted on 08/01/2014 8:36:16 AM PDT by nhwingut
The job market is still not the greatest, but we just got one hopeful sign that it might be improving a bit. The economy added 209,000 jobs in July, and the unemployment rate ticked up to 6.2 percent from 6.1 percent, the Bureau of Labor Statistics said Friday. Believe it or not, both of those numbers are encouraging. The reason the first number is encouraging is because, duh, jobs. The encouraging part of the second number, the unemployment rate, is less obvious. Normally, higher unemployment is bad news, and people seeing HIGHER UNEMPLOYMENT on the evening news tonight will naturally assume the worst. But this time, unemployment actually rose for a good reason.
(Excerpt) Read more at huffingtonpost.com ...
He is making the point about labor force participation and how, during a recovery, people start looking again and thus count in the total of the unemployment %. He is right about that, but, of course, the Dems and MSM never mentioned this a year or two ago when the unemployment number fell or stayed steady despite the horrific job market because people were dropping out. They want to have it both ways.
I wonder how they determine the number of people looking for work. My thought is they just guess.
Awww look...the cult of Obama still thrives at Huffington.
Does she STILL not pay her contributors?
I cannot beleve that anybody is taking numbers just announced by the feds seriously. Wait until the figures are revised next month.
“The reason the first number is encouraging is because, duh, jobs.”
That bit of journalistic stupidity was a turn off. I could not be bothered reading the rest of the inanity.
funemployment
time to work on your art or write that novel or become a community organizer!
I suppose you could take classes and learn a skill and become more employable but who is kidding who?
unemployment is an economic boost!
lolz
It’s the huffy post.
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