Quick jobs report analysis.
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Quick jobs report analysis.

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    Icy
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    Default Quick jobs report analysis.

    Interested, based on the number of jobs added in September and the total unemployed (even though it's expected that it didn't include part of California to get the 7.8% number) you have the following information.

    Jobs added: 114,000
    Unemployed persons: 12,100,000 (decreased by 456,000 in September, lol?)

    Jobs added / Unemployed persons = Percent chance of finding a job.
    114,000 / 12,100,000 = 0.942%
    0.942% of unemployed poeple got a job.
    Or 1 out of every 106.14 people found a job.

    A person was exactly 4 times more likely to give up looking for a job.

    A person was approximately 6 times more likely to become underemployed than find a job.

    These numbers do not count new graduates.

    It's amazing what you find when you don't let the media tell you what's in the jobs report and read it yourself.

    Employment Situation Summary

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    If we had an unbiased media, they would have reported the facts as you posted. Sad commentary on those that champion freedom of the press.

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    Senior Member AzMandella's Avatar
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    Default

    Quote Originally Posted by Icy View Post
    Interested, based on the number of jobs added in September and the total unemployed (even though it's expected that it didn't include part of California to get the 7.8% number) you have the following information.

    Jobs added: 114,000
    Unemployed persons: 12,100,000 (decreased by 456,000 in September, lol?)

    Jobs added / Unemployed persons = Percent chance of finding a job.
    114,000 / 12,100,000 = 0.942%
    0.942% of unemployed poeple got a job.
    Or 1 out of every 106.14 people found a job.

    A person was exactly 4 times more likely to give up looking for a job.

    A person was approximately 6 times more likely to become underemployed than find a job.

    These numbers do not count new graduates.

    It's amazing what you find when you don't let the media tell you what's in the jobs report and read it yourself.

    Employment Situation Summary
    I'm sure RAM will be along soon to straighten you out and tell you you are wrong. Even if they did leave Cal out of the unemployment #'s.
    If you voted for Obama to prove you were not racist, then you better find someone else to vote for to prove your not stupid.

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