if the u.s. government hadn’t hired 66,000 people last month, april unemployment numbers would’ve looked similar to those of preceding months. so why are people excited that the u.s. has ‘only’ lost 539,000 jobs? unemployment is just below 9% –which isn’t the true unemployment number. this number only applies to those still collecting checks from the government and doesn’t take into account people formerly working full-time who are now only in part-time jobs.
whats 539K plus 66KSaturday, May 9th, 2009