How did the unemployment numbers drop .2 percent

Discussion in 'Politics' started by Lovebears65, Feb 9, 2012.

  1. Lovebears65
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    Lovebears65 Gold Member

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    When the jobs created in jan was 257,000 , and just the last week of Jan the unemployment claims were 377,000 for first time filers.. The numbers just dont add up for me..

    here are the links..
    Jobs created in Jan is 257,000



    Stat of the Week: 257,000 New Private-Sector Jobs Created | InvestorPlace

    People who applied for first time unemployment in the last week of Jan 26th 2012 is 377,000


    First-time unemployment claims climb to 377,000 - Jan. 26, 2012
     
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  2. Katzndogz
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    Katzndogz Diamond Member

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    The criteria for being counted was changed.
     
  3. 8537
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    8537 Senior Member

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    No it wasn't.

    First time unemployment claims are not a factor in the unemployment rate. And at any rate, jobs created is a net figure and from a completely different survey.
     
  4. Leweman
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    Leweman Gold Member

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    Adjusting for population growth we have lost 2.4 million jobs over the last 2 months. I have no idea how they are coming up with these numbers.
     
  5. 8537
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    8537 Senior Member

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    No, that's simply not true. We had a single benchmark adjustment - that had no impact on the unemployment rate. about a 1/2M jobs were created.
     
  6. DontBeStupid
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    DontBeStupid Look it up!

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    Lovebears65, your avatar is wrong.
     
  7. RetiredGySgt
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    RetiredGySgt Diamond Member

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    They quit counting people that no longer get unemployment.
     
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  8. California Girl
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    California Girl BANNED

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    :lol:

    What a loser.
     
  9. DontBeStupid
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    DontBeStupid Look it up!

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    It's called being helpful. He may not be aware it's wrong.

    Just because you hate everyone doesn't mean we all do.
     
  10. PoliticalChic
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    PoliticalChic Diamond Member

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    Because "there are lies, damn lies, and statistics."


    The real numbers are found in the U6 data...

    "The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over"
    Portal Seven | U6 Unemployment Rate


    The actual unemployment rate is 15.1%
    It was up to 16.4% last September.
     

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