150,000 got back to work last week.
Yet the 9.7% unemployment number didn't change!
Many seem to not understand that. 150,000 to work out of 15,000,000 is .0001 parts of the whole!
It doesn't change a one decimal number, or even a three decimal number.
Anyway the unemployment number, 15 million, is calculated differently than the percentage number, 9.7%.
Neither one is always correct due to the methods used.
One is by a sample phone survey and the other by who draws unemployment at the time.
You know how bad phone surveys can be!
There are many people not working who do not draw unemployment. One big one right now is people who quit looking after a year or two.
Also part-time workers and people working for much less now, maybe at two jobs are considered working at full compensation!
7,000,000 out of work is considered satisfactory except for the 7,000,000 out of work!
So, we need jobs for 8,000,000 people. How many years will that take? How many more are yet to lose their job?
Where is President Obama supposed to find 8,000,000 jobs in one year?
He has cut the losses from 700,000 per week to a 150,000 gain. Not bad. Or is that because of Bush?