Bad News: 411,000 of those are temporary positions with the U.S. Census. More from Calculated Risk… and an update from Geoff at Innocent Bystander.
AUTHOR
Hans
639 postsYou may also like
Martin Gardner died this week at the age of 95. Author of the long running Scientific American feature “Mathematical Games,” I will […]
This interesting article from the NYT compares and contrasts the safety and business practices of the Upper Big Branch Mine with those […]
Apple’s competitors were not happy with Steve Job’s attempt to paint the iPhone’s antenna problems as similar to those faced by other […]
A few quick picks: A SWAT raid back in February burst into a house occupied by a suspected drug user, his wife […]
3 thoughts on “Good News: 431,000 New Jobs!”
I’ve often felt that the unemployment rate was a hokey statistic. Most people, including me, don’t know how it’s computed and it’s obviously not the “simple” way: ask everyone, “Do you have a job?”
We’ve a portion of our population beyond our usual standing military engaged in military activity overseas. Directly they’re probably a drop in the bucket of unemployment statistics however they’re counted or not. But indirectly they are a number of able-bodied men and women with at least technical or leadership skills who are not working here at home. (Of course, they too are government employees.)
Greg – both Calculated Risk and Innocent Bystander tend to do a good job explaining the unemployment rate and how it is calculated. I’ve been trying to master the subtleties myself, but I can’t claim to be an expert, yet.