Archived

This topic is now archived and is closed to further replies.

Fun with the jobless report numbers. Enjoy.

12 posts in this topic

Posted

So in Oct per the Dept of Labor, 171k MORE jobs were added and unemployment went UP from 7.8 to 7.9?

In Sept 114k were added and unemployment went DOWN from 8.1 to 7.8?

What am I missing? These are facts and not some out of the air #'s.

Share this post


Link to post
Share on other sites

Posted

Maybe they added the jobs but nobody applied for them

Share this post


Link to post
Share on other sites

Posted

Unemployment.

How does it work?

Share this post


Link to post
Share on other sites

Posted

Unemployment= people looking for jobs

Jobs added= Jobs added

Do you not see how they aren't directly related or no?

Share this post


Link to post
Share on other sites

Posted

explain

Share this post


Link to post
Share on other sites

Posted

You aren't considered unemployed unless you are looking for a job.

You can add a million jobs but if a gazillion jobless people get off the couch all of the sudden and start actively trying to get a job then the unemployment rate still goes up.

Share this post


Link to post
Share on other sites

Posted

hmm. i might go back and look at the CPS breakdown. see if they are doing the old death/birth model for this. im just trying to guage the momemntum, if any, in the job report.

that is more or less all im focusing on the next few months to see how it's truly trending.

Share this post


Link to post
Share on other sites

Posted

People still think unemployment rate is accurate?

Share this post


Link to post
Share on other sites

Posted

@pstall I thought you were a screenwriter?

Share this post


Link to post
Share on other sites

Posted

yes iam. an umeployed one but employed financial guy.

i wonder if these #'s are factoring in the death/birth model.the ability to determine new businesses that are coming on board.

Share this post


Link to post
Share on other sites

Posted

^I see

Wasn't sure which it was. Seems like an odd combo.

Share this post


Link to post
Share on other sites

Posted

if you know me, it makes perfect sense. lol

Share this post


Link to post
Share on other sites