Friday, May 2, 2014
This is how the unemployment rate drops...fewer people in the labor force.
Hiring in U.S. Kicks Into Higher Gear as Unemployment Plunges to 6.3%
"The drop in the unemployment rate from March’s 6.7 percent came as the agency’s survey of households showed the labor forceshrank by more the 800,000 in April. The so-called participation rate, which indicates the share of working-age people in the labor force, decreased to 62.8 percent, matching the lowest level since 1978, from 63.2 percent a month earlier."
"The drop in the unemployment rate from March’s 6.7 percent came as the agency’s survey of households showed the labor forceshrank by more the 800,000 in April. The so-called participation rate, which indicates the share of working-age people in the labor force, decreased to 62.8 percent, matching the lowest level since 1978, from 63.2 percent a month earlier."
Labels:
Jobs,
lies damned lies and statistics,
unemployment
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