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September 7, 2012
US economy adds 96K jobs; unemployment rate falls to 8.1 pct. as more people end job searches.
How's that again? Oh:The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was only because more people gave up looking for jobs. People who are out of work are counted as unemployed only if they're looking for a job. The government also said Friday that 41,000 fewer jobs were created in July and June than first estimated. The economy has added just 139,000 jobs a month since the start of the year, below 2011's average of 153,000. -- - Yahoo! FinanceAh, now I see. The more people who give up looking for work the less unemployment we have. Right? Right.
Posted by gerardvanderleun at September 7, 2012 9:13 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
And please note that it is Yahoo! reporting this, which usually spins the news for The Won -- but not this time.
Posted by: Don Rodrigo at September 7, 2012 10:28 AM
If all of you job searchers really wanted to Hussein a solid, you would quit looking for a job.
That way the September unemployment rate could be 0.0%
Woo Hoo.
Posted by: Fat Man at September 7, 2012 10:53 AM