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Message Subject The U.S. unemployment rate fell to 7.8?! True or False?!
Poster Handle Anonymous Coward
Post Content
The poll at the top of the thread is weird.

Did we add 114,000 jobs? Probably so. That is a LOW number. We need about 200,000 at least per month to stay even. So 114,000 new jobs translates to higher unemployment.

So why did the count of unemployed go down? I think it's as simple as people exhausting their unemployment benefits and no longer being counted as unemployed. In fact, didn't we read a month or two ago that Obama was going to kick people off unemployment soon? I guess it's happening now and making his percentage unemployment look better.
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