pinqy
Gold Member
The BLS data show that the number of Unemployed People has increased from 14,871,000 to 15,005,000, an increase in total Unemployed of 134,000.
The increase in employment is anemic at best, and does not result in a reduction in the absolute number of unemployed. It's just statistical propaganda.
The Reality is that 15M people are unemployed - 6.5M of them for more than 6 months.
Employment Situation Summary Table A. Household data, seasonally adjusted
Ah, but look at the REASON people are unemployed: Table A-11
Temp layoffs: Up
Permanent layoffs: Down
Finished Temp job: Up
Quits/retirements: Up
Reentering labor force: Up
New entry: Down
93,000 of the new unemployed are people starting to look for work again. So the higher unemployment is NOT people getting laid off for good (which went down) but people starting to look for work again.