As per today's number,
533,000 - actual preliminary number
422,000 - as they are not counted due to various reasons
[The jobless rate would have bolted to 7 percent for the month if not for the exodus of 422,000 people from the work force for any number of reasons — going back to school, retiring or simply abandoning job searches out of sheer frustration. When people stop looking, they're no longer counted in the unemployment rate.]
Also note that previous two months had more than 30% undercounted.
October - 320,000 (actual) instead of BSLiars stats of 240,000
September - 403,000 (actual) instead of BLS 284,000.
[In addition, job losses in recent months turned out to be worse than previously reported. October's loss was revised to 320,000, originally given as a 240,000 loss, while September's drop was revised to 403,000 from 284,000. ]
I heard from one Talk show radio that if we count discouraged ones it would be 12.5%. |
