Friday, February 15, 2013

Is the Unemployment Rate Misleading?


The April employment statistics were released by the Bureau of Labor Statistics(BLS) last Friday.  The official U.S.unemployment rate for April 2012 dropped to 8.1%.  It hasn’t been this low since January 2009.

According to the BLS, 115,000 new jobs were added to the workforce in April.  Certainly that is good news for the 115,000 who are now employed, and after three years of high unemployment, it’s encouraging to see the rate dropping.

The report has been out for a week, which has given people more opportunity to dig into the numbers.  Unfortunately, the headline is much more encouraging than some of the supporting data.

To continue reading. click here.

No comments:

Post a Comment