Friday, December 4, 2009

Steve's Barking at unemployment percentage

I just read that the United States just shed only 11,000 jobs last month.
In the same article the percentage of jobless in this country went from 10.2% to 10% being the old fart that I am, I just don't get this new math. Maybe I'm misunderstanding what I'm looking out. The math that I remember from school, if you minus jobs, the percentage of unemployment would go up (Of cause 11,000 is statically insignificant so in this case we should have 10.2% unemployment). So who do I trust my old fart way of doing math or new government statistical analysis? I guess I’ll go with the Government, after all I read it on the internet, and therefore it must be right.

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