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Response to Tom Rinaldo (Original post)

Fri Oct 5, 2012, 09:32 AM

5. From one analysis I have seen:

"The drop came because of the upward revision of the jobs numbers in Q4 and Q1 (2011 and 2012) of 386,000 that was announce by the Bureau of Labor and Statistics on Sept 27. In addition, there was the addition of 40,000 jobs to the July report and 46,000 jobs to the August report. So it wasn't just the 114,000 jobs that led to the drop of 0.3% in the unemployment number. It was the addition of 586,000 jobs after corrections."

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