Dec 08 2011, 01:56 PM
As your "reliable source" states:
Originally Posted by James Cessna
The U.S. unemployment rate fell last month to its lowest level in more than two and a half years as employers stepped up hiring in response to the slowly improving economy.
Your reliable source does not say 350,000 people stopped looking for work!
And your reliable source is wrong to say 315,000 people stopped looking for work. The workforce declined 315,000 which doesn't mean they stopped looking for work!
And if you're going to blame the drop in unemployment because of the decline in the workforce, you'll have to explain how it was the unemployment rate dropped from 9.1% in April, when the workforce was 462,000 lower than it is now!
Last edited by Iriemon; Dec 08 2011 at 01:56 PM.
Dec 08 2011, 01:57 PM
Seasonally adjusted. Nice try though.
Originally Posted by Professor Peabody
Dec 08 2011, 02:00 PM
Dec 08 2011, 02:01 PM
It's an illusion.
Originally Posted by Iriemon
Personally I think that Obama is simply lying out his ass.
But it could also be some temporary hiring for Christmas that will not last.
Last edited by Mac-7; Dec 08 2011 at 02:01 PM.
Dec 08 2011, 02:02 PM
The data is seasonally adjusted.
Originally Posted by Mac-7
You think that Obama is simply lying out his ass about what?
Dec 08 2011, 02:45 PM
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