EXACTLY......too many people dont see or know how the govt skews these figuresThey are phuckin stupid and have no clue. Makes good press thou.
The jobless rate is the same. It's just that as time goes by and people run out their unemployment, the figures will drop. Yo duh.
How do they determine an unemployment rate? From people on the unemployment roles.
Maybe just not as many filing as in years past. But goes to show that 9% are still showing up on the roles.
How many are NEW filers?
Lots of head scratchin' going on.Frankly, this doesn’t make a lot of sense. If only 36,000 jobs were added and 600,000 people stopped being unemployed, then the labor force should show a significant contraction. The lower overall rate makes sense if 600,000 people left the workforce, but not if the workforce remained the same. Otherwise, we’d have to conclude that 36,000 jobs represents 0.4% of all employment in the US.
Looking at the A-6 table, which compares numbers January 2010 to January 2011 (not seasonally adjusted), we can see that the unemployment rate for those without disabilities has dropped from 10.4% to 9.7%. The number of non-disabled adults outside the work force has grown substantially in that period, from 62.8 million to 64.7 million. That far outstrips population growth and indicates that people are still leaving the work force in large numbers. In the A-16 table for the same period (not seasonally adjusted), the number of people outside the workforce has grown from 83.9 million to 86.2 million, again showing a large increase.
The topline rate number looks better, but it also looks increasingly irrelevant. The Department of Labor shows that the average monthly growth of jobs over the last 12 months has been 97,000, not enough to keep up with population growth.