Does the unemplyment rate only take into consideration who is able to work, I.E. it excludes kids and really old people. And if so, how does it determine who is able, since you can get a job when you are 13, and senior citizens are now expected to work into their late 60s. Who is being counted here? What if your working but not qualified to be counted, or vice versa? Where to immigrants, illegals and people on work visas fit in?
Also, when 92,000 jobs are "added" does is this less the jobs that were eliminated. If I fire a full time worker and replace him with 2 part timers have I just "added two jobs?" I only ask these questions because I want to know. I do, however, know that if a CPA did someones books like the GAO, the Senate and the House does the federal coffers, that the CPA would land in prison.
What worried me are things like this, from the article posted:
On the payroll front, job losses in manufacturing, construction and retail offset gains in professional and business services, education and health, government and elsewhere.
This seems to always be the case.
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