Monday, April 9, 2012

The Current Unemployment Situation

The news this week is that employment 1) didn’t go up by as much as expected, or 2) as much as it has the previous few months. I don’t know if I’d worry about this too much — this is notoriously noisy data.

This graphic appeared in The Wall Street Journal as part of an April 7 article entitled “U.S. Labor Market Slows Its Stride”. It’s not amazing, but it does cover some of the other divisions of the labor force that compose those 6 different versions of the unemployment rate we covered about 2 months ago.

There was also a sidebar to the main article entitled “Sorting Fact From Fiction About How the Jobs Numbers Are Calculated” which provided FAQ answers that I found interested.

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