That's the government version. Headlines read UE falls to lowest level in three years! But wait. How can this be? March 2009 BLS Employment Situation News Release:
"...the unemployment rate rose from 8.1 to 8.5 percent, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today."
http://www.bls.gov/news.release/archives/empsit_04032009.htm
Okay, great. UE rate is the lowest in nearly three years. But wait.
Covered employment, those eligible to file for unemployment as of March 2009: 133,886,830
Dec. 2011: 126,188,733
Click weekly claims data for historic levels:
http://www.ows.doleta.gov/unemploy/wkclaims/report.asp
"...the unemployment rate rose from 8.1 to 8.5 percent, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today."
http://www.bls.gov/news.release/archives/empsit_04032009.htm
Okay, great. UE rate is the lowest in nearly three years. But wait.
Covered employment, those eligible to file for unemployment as of March 2009: 133,886,830
Dec. 2011: 126,188,733
Click weekly claims data for historic levels:
http://www.ows.doleta.gov/unemploy/wkclaims/report.asp