Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: chartseer who wrote (145053)	10/5/2012 3:13:09 PM
From: tonto	of 224750

More info... Haugen explained that one factor that likely led to the 0.3 percent drop in this month's unemployment is the fact that people in the 20-24 age group (including college students and people who are often working temporary summer jobs) left the job market this summer earlier than expected. "In August you had an unusually large decline in employment" among that demographic, he said. Because the BLS does seasonal adjustments for its data, it was primed for a big decline in September, when young people have traditionally left the work force. "What happened was there was a big decline in August and not a decline in September. Because there was no decline [when it was expected] there's a big increase after seasonal adjustment." "In the [monthly household survey] you occasionally get these large movements because it's based on a relatively small survey," he added. "What we tell people is that you need to wait for additional months of data in order to see what the pattern is."

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