Comments on: A Less-Bad Jobs Report http://dmarron.com/2009/08/07/a-less-bad-jobs-report/ Musings on Economics, Finance, and Life Mon, 13 Feb 2012 20:27:13 +0000 hourly 1 http://wordpress.com/ By: Google Is Still Wrong About Unemployment « Donald Marron http://dmarron.com/2009/08/07/a-less-bad-jobs-report/#comment-640 Thu, 13 Aug 2009 04:06:52 +0000 http://dmarron.com/?p=1308#comment-640 [...] 13, 2009 by Donald Marron Everyone who follows the U.S. economy closely knows that the unemployment rate was 9.4% in July, down 0.1% from [...]

]]> By: Donald Marron http://dmarron.com/2009/08/07/a-less-bad-jobs-report/#comment-591 Fri, 07 Aug 2009 17:05:39 +0000 http://dmarron.com/?p=1308#comment-591 Looking at the release, I think the 796,000 figure is the number of discouraged workers in total in July. BLS estimates that in the same way it estimates the other unemployment-related statistics — by surveying households. As far as I know, nothing unusual in how the number was estimated.

Those workers are included in the U-6 rate in the chart.

]]> By: ROA http://dmarron.com/2009/08/07/a-less-bad-jobs-report/#comment-590 Fri, 07 Aug 2009 16:47:37 +0000 http://dmarron.com/?p=1308#comment-590 Some conservative columnists have pointed out that the BLS reduced the number of people looking for jobs by 796,000. If these people had not been removed, the unemployment rate would have been higher. Is this a legitimate point, or is this type of adjustment normal?

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