I know, my bad, that title is redundant.
Update: BLS juggling the numbers?
In June, the Bureau of Labor Statistics said the civilian labor force was 154,926,000people.
In July, 796,000 of those were taken out of their definition of the workforce, and thus their unemployment calculations for this month, because they have stopped looking for work “because they believe no jobs are available for them.” Ten percent of the June workforce would be 15.4 million, 1 percent would be 1.5 million, and so 796,000 is roughly one half of one percent.
In other words, BLS took .5 percent of what you and I would consider unemployed and took them out of their total. And with that, unemployment went down one tenth of one percent.
1 comment:
Interesting how the little political tiff in here has been deleted. You would have made a great partisan censor in Hitler's Germany.
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