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 Jobs rise in April...but unemployment too
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UDEric
Penny Pincher Member


USA
202 Posts

Posted - 05/07/2010 :  07:47:36  Show Profile Send UDEric a Private Message
Jobs up 290k for April, largest one month gain in 4 years (Thank you census workers) but unemployment rises from 9.7 to 9.9% based on "800k workers looking for jobs now that the job market is getting better"

I have to laugh when these reports come out. If jobs are down it's because of either weather or a holiday. When they are up the unemployment rate STILL increases because of more searchers now.

How do they say it with a straight face.

"Three things cannot be long hidden: the sun, the moon and the truth"

El Dee
Penny Hoarding Member



USA
547 Posts

Posted - 05/07/2010 :  13:39:39  Show Profile Send El Dee a Private Message
Yup, and you need a certain amount of job growth to stay even with POPULATION growth.

This is usually never reported, or considered. You can have job growth consistent with population growth and the unemployment rate will not budge.

Trust the government? Ask an Indian.
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Bluegill
1000+ Penny Miser Member



USA
1964 Posts

Posted - 05/07/2010 :  14:14:59  Show Profile Send Bluegill a Private Message
We already know the "official" unemployment number is total . Most every other number the government gives us is total . So is this 290K number for April all the suddenly the truth..? Will the number get revised this month? Will that number be the truth?

You're correct in asking how they do it with a straight face. I guess after a while the liars start believing their own propaganda. What I see with my own two eyes and what the Government tells me are two polar opposites.

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