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I've found something interesting, but I'm trying to figure out if I'm interpreting data correctly.

The US BLS released new employment situation numbers today that show no net increase in unemployment.  Yet, they are also showing a 0.5% drop in the participation rate, and that over 1 million people were pulled from the labor force statistics.  If we added in that them back into the labor force as unemployed, that would bump the U-3 rate up another 0.73 % from 6.0% to 6.73%.

Am I reading this right?

Did they seriously just fudge the numbers to show an almost full point increase in unemployment as a net decrease over the last month?

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Fri Oct 3rd, 2008 at 02:07:28 PM EST

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