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In reply to the discussion: May payroll employment changes little (+69,000); jobless rate essentially unchanged (8.2%) [View all]mahatmakanejeeves
(70,108 posts)Last edited Fri Jun 1, 2012, 09:50 AM - Edit history (1)
The commentary is all cut and paste. I have a text file that is prepared well ahead of time. All I have to do is copy it into the commentary section, with a few remarks that apply to this month's report. I feel that background is extremely important in understanding these numbers. No explanation means no comprehension.
If you go to the table that takes into account how many people have given up looking for worse, the percentage of people not working goes up a lot. So even 8.2% is optimistic. Sorry.
I take pride in not taking sides with the report. Numbers are numbers. There are no progressive numbers, and there are no teabagger numbers. The numbers come into BLS, and the GS-whatevers there turn them into the report once a month, uplifting or not.