Wednesday, April 18, 2012
About those unemployment numbers
Don 't be fooled by the unemployment percentage...
At Townhall.com, Mike Shedlock explains:
"Those 'Not in Labor Force' increased by 310,000. If you are not in the labor force, you are not counted as unemployed.
Those 'Not in Labor Force' is at a new record high of 87,897,000.
By the Household Survey, the number of people employed fell by 31,000.
By the Household Survey, over the course of the last year, the number of people employed rose by 2,270,000.
Participation Rate fell .1 to 63.8%
Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%."
