Could someone explain these numbers to me?

Discussion in 'Economics' started by peilthetraveler, Dec 4, 2009.

  1. Sorry...I didnt go to an ivy league school or anything like that, but they say unemployment dropped from 10.2% to 10% yet the entire economy lost 11k jobs. So i guess i just dont understand the math. Dont you have to GAIN jobs for unemployment to go down?

    I guess the government could be counting mexicans that are leaving the US to go to mexico in hopes of getting a job there. But even then, about 300k of them would have to leave with no new ones coming back in.
  2. If your confused on that--
    wait till you get to the birth/death adjustment.
    It'll really bake your noodle.:D
  3. Read the link I posted here:

    It should help clear that up for you.
  4. JScott


    Legitimate question . . . until you realize that the government controls the reporting of both numbers.

    Likely answer: probably because there are a lot more than 11k seasonal jobs added that skew the umemployment survey numbers . . . or maybe a whole lot of people died who are no longer part of the labor force - the inverted baby boomer paradox perhaps :).