Job creation picked up in September but not enough to stop the unemployment rate from rising to 4.7 percent, the highest in just over a year.
The bump up in the unemployment rate from 4.6 percent in August came as hundreds of thousands of people streamed back into the labor market.
That illustrates a problem with the official "unemployment rate". Many of these people who "streamed back into the labor market" wanted jobs, but weren't included in the unemployment statistics.
No comments:
Post a Comment