Unexpected drop in jobless rate sparks optimism - Yahoo! Finance
I am puzzled.
I feel certain that some of the more educated people who frequent these blogs can point out the mistakes in my thinking.
We are informed that the unemployment stands at 10.2%, then we are also told that the number of those who have lost jobs in the last month is an unexpected drop in being 11,000.
However I am at a loss to understand how a loss of jobs (while being a declining amount on a month to month basis) can possibly be called a reduction of 0.2% of those unemployed.
Please help me to understand.