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Slight improvement in April job numbers only because more people stopped looking for work.

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-05-12 08:18 AM
Original message
Slight improvement in April job numbers only because more people stopped looking for work.
"The unemployment rate fell to 8.1 percent, but only because more people gave up looking for work."

http://www.cbsnews.com/8301-500395_162-57427812/hiring-... /

The same thing was said during the Brian Williams news show on nbc.

Is it any wonder they keep throwing shiny things to distract us?
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-06-12 05:22 AM
Response to Original message
1. Kicking because, with all due respect, this is a lot more important than
most of the stuff media tend to focus us on.

Again:

The unemployment number for April went down only because more people stopped looking.

This is the first month that that has happened, either.

Yet, the unemployment number, especially the direction of the unemployment number, affects how people believe the economy is doing.

Not good.
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