Friday, December 07, 2012

The Unemployment Report: It's Worse Than That

As usual, Ticker finds a problem.

The working-age population went from 243,983 to 244,174 (thousands), an increase of 191,000 working-age people.  But the total number of employed people fell from 144,039 (thousands) to 143,549, a loss of 490,000 actual employed people!

The spread is even worse, of course -- closer to 3/4 of a million workers, because you must account for the population increase as well.

Not to mention the 'disappeareds' from the workforce--the ones who just gave up.

1 comment:

Anonymous said...

To late. He won, lousy economy and all. Why is that?