Wednesday, October 17, 2012
About that Monthly Unemployment Percentage
Unfortunately, it fails miserably to tell the real story.
Read the linked story (with chart) and you'll see what I mean...
Daniel Harper has the story at WeeklyStandard.com:
"Since January 2009, the labor force has grown by 0.54 percent, or 827,000 people (from 154,236,000 to 155,063,000). Those not in the labor force grew by 10.2 percent during the same period (8,208,000 people), from 80,502,000 to 88,710,000. In other words, for every one person added to the labor force of the United States since January 2009, the size of the U.S. population not in the labor force grew by 10 people."
