Monday, July 11, 2005

Blue-Sky Unemployment Report Readings

While the US has just now broken even in "employed" numbers since the recession began in 2000, the DOL's 'unemployment' stats tell us that 'unemployment' is now at 5%.

In the meantime, a lot of new workers joined the workforce through immigration and graduations from college and high school.

How comes that is, hey?

You are no longer "unemployed" after your last unemployment comp check arrives. This is called a statistical gift to the Government.

The employment picture is not nearly as bad as it was from late 2002 through mid-2004; but it's by no means as beautiful as some would have us believe.

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