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The Unemployment Numbers Announced Today Are Not Accurate

The government announced the addition of 114,000 jobs in September and a decrease in the unemployment rate to 7.8%.  These numbers are not accurate, however, and are misleading.  How does unemployment go down by nearly a half a percentage point when millions are out of work and only 114,000 jobs were added?  Experts also agree that the numbers put out by the government make a lot of assumptions that are not necessarily safe to make.  Finally, the U-6 number, which includes the unemployed – whether they are still looking or not – and the underemployed is at 14%.  One has to question how much the numbers were massaged.  The jobs market hasn’t, in reality, changed.

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About Josh Quinter

I am a politcally active private practice attorney in Suburban Philadelphia.

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