Only in the government’s fantasy land does its math add up.
On Friday, the Labor Department reported that the economy added 165,000 new jobs in April. It also revised February and March data up by a combined 114,000 jobs.
More jobs are obviously a good thing.
However, the misrepresentation comes in when the Labor Department brags that the gains helped push the unemployment rate down 0.1 percentage points from March – and 0.4 percentage points from January – to 7.5%.
http://www.wallstreetdaily.com/2013/05/06/unemployment-rate-jobs-market/
On Friday, the Labor Department reported that the economy added 165,000 new jobs in April. It also revised February and March data up by a combined 114,000 jobs.
More jobs are obviously a good thing.
However, the misrepresentation comes in when the Labor Department brags that the gains helped push the unemployment rate down 0.1 percentage points from March – and 0.4 percentage points from January – to 7.5%.
http://www.wallstreetdaily.com/2013/05/06/unemployment-rate-jobs-market/
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