Adjusted U.S. figures paint a rosier jobs picture - Another healthy drop in unemployment claims reported last week is the latest clue that job gains might be more robust than the Labor Department's monthly reports show.http://www.usatoday.com/money/economy/2011-03-22-1Acountingjobs22_ST_N.htm?loc=interstitialskip
Some economists say jobless claims and other recent data show that employers likely added 200,000 to 300,000 jobs a month this year, rather than the 128,000 average reported by the Bureau of Labor Statistics (BLS).
The reason for the possible disparity: The government tends to underestimate both job gains in a recovery and job losses in a recession, the economists say. That helps explain why the nation's unemployment rate has fallen more sharply than the modest payroll increases suggest. The jobless rate was 8.9% last month, down from 9.8% in November.
Friday, March 25, 2011
When the media likes the president . . .
8.9% unemployment is "rosy".