us jobs figures: For me – I ain’t buying the 8.3% unemployment rate released last Friday. - 02/05/12 11:29 PM

For me – I ain’t  buying the 8.3% unemployment rate released last Friday.
There are 140M working people in the US and a 10% UER would mean 14M out of work
Last Friday’s monthly UER was 8.3% or 11.6M out of work. There are 4M that have left the workforce, given up, no longer looking for work and are not counted any longer in the unemployment (UE) figures. If those 4M were to jump back into the “actively looking” for work, if you added those folks back in – divided by the number of people in the … (18 comments)

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Ed Newman

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