‘Bad News: Unemployment Falls To 9.4%’

“DAYTON, Ohio — On Friday, the unemployment rate shrank for the first time in over a year, down modestly to 9.4% from 9.5%.”

“That’s the bad news. It sank only because people gave up on the job market at an even faster rate than jobs were lost. Beneath the headline number, most strikingly, 247,000 jobs were still lost in July and the 9.4% figure does not represent an improving job market at all. ”

“Most importantly, the unemployment rate fell because of a statistical quirk: 247,000 jobs were lost, but an even greater number of people left the “labor force” using the government definitions. Since unemployment only measures the “labor force,” a shrinking force perversely produces a positive number. A shrinking labor force is not a positive, especially since, as noted by Millan Mulraine, an economist with TD Securities, it shrank because discouraged unemployed workers appeared to have left in droves in July.”

http://www.forbes.com/2009/08/07/recession-unemployment-business-beltway-unemployment.html

You know the Unemployment Number is not Calculated in the simple way you thought it was, once your Economy has lost Jobs 19 Months Straight, but Unemployment goes down.

There are 2 cures for every Infectious Disease, you can either Kill Everyone who has it, or find a vaccine.

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