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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%
I'm not saying things are great or even all that good. But they're not as bad as some try to paint it.
Employment bottomed out Dec 2009 at 139,025,000In December 2007 when the recession started there were 146 million employed Americans, today that number is 143 million.
Employment dropped 206,000 and Unemployment dropped 290,000. Not in the Labor Force increased 663,000 but those Not in the Labor Force who want a job dropped 99,000... so while the % of the population in the Labor Force dropped 0.2 percentage points, the % of the population who don't want to work increased 0.3 percentage points. In other words the drop in the Labor Force is due to fewer people wanting to work.The labor force last month declined 500,000 meaning there were 500,000 less people to count as well as how many of those people were formerly counted as unemployed.
How about an increase from 139 million to 143 million?No one can look at a decline in working Americans from 146 million to 143 million with a growing population as being a good performance.
I'm not saying things are great or even all that good. But they're not as bad as some try to paint it.
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