Payroll employment rises by 242,000 in February; unemployment rate unchanged at 4.9%

[progree]

8. Does John Williams say how he comes up with that number?

Last edited Fri Mar 4, 2016, 07:08 PM - Edit history (2)

Last time I checked, one had to pay $89 to MAYBE find out how he comes up with 22.9%.

Counting EVERY jobless person who says they want a job, regardless of how long it has been since they have looked for work, and including part-timers who want full time work -- that unemployment rate is 11.94%.

(I very closely match Paul Solman's "U-7" number which measures the same thing, but it takes about a day for them to update that number, and they haven't been updating it every month lately ).

I cannot think of any broader measure of unemployment than that.

Background: http://www.democraticunderground.com/10141222552#post21

[font color = red]Two edits:[/font]

(#1#) regardless of how long they have looked for work -> regardless of how long it has been since they have looked for work

(#2#) I got the February number for everyone who says they want a job: 11.94%, down from 12.02% in January