I like good news…

Posted: December 4, 2009 by datechguy in employment, opinion/news

…so when the unemployment goes down from 10.2% to 10% that’s good news, seasonal or no. Even so something struck me about it.

Here is the story from The Hill

The nation lost only 11,000 jobs in November, the smallest number since the recession began in December 2007.

Unemployment dipped to 10 percent last month, according to the Department of Labor, as job losses in the construction, manufacturing and information industries were offset by job gains in temporary help services and healthcare. Labor said the 11,000 job losses meant payroll employment was “essentially unchanged” for the month.

Assuming the population hasn’t grown obscenely over the last year, how does the jobs rate drop when the economy has a net job loss? It it because so many more people have given up?

I’m sure there is a mathematical reason for it but it does sound counter intuitive.

Unfortunately unemployment in my house remains at 33%. Until that changes there is no recovery for me.

Update: Via Glenn the answer is found!

And more detail here

Free budget software – Mint.com

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