Seeking Alpha: US Economic Data: Let’s Go Spin Some -- by Steven Hansen

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The USA non-institutionalized civilian population is a touch over 300,000,000 today. A tenth of 1% drop in the participation rate is 300,000 jobs. That is how many jobs were lost using this data source.Then how can the unemployment rate improve from 10.2% to 10%? It cannot logically without sleight of hand. The US population is larger. The amount of employed people is less. So the only way to say unemployment is less is to use a magic rabbit who says the employment pool is now smaller – this month they decided to shrink it by 98,000 people.