[Newsbot]

Title: U.S. adds 280,000 jobs in May as economy picks up
Category: Business
Posted By: martin14
Date: 2015-06-05 11:31:32
Canadian

[martin14]

Also this:

http://www.cbc.ca/news/business/canada- ... -1.3101712


US Interest rates in the US going up in the fall.

Better lock in your mortgages sooner rather than later.

[BartSimpson]

Curious that the jobs report celebrates that jobs were added yet the same report's posted unemployment rate increased over April so more jobs were lost than were gained.

[martin14]

BartSimpson BartSimpson:

Curious that the jobs report celebrates that jobs were added yet the same report's posted unemployment rate increased over April so more jobs were lost than were gained.

I think it has more to do with the way the unemployed rate is calculated,

and the rate goes up because the long term unemployed who drop out of the calculations
are suddenly counted back in again.

[fifeboy]

BartSimpson BartSimpson:

Curious that the jobs report celebrates that jobs were added yet the same report's posted unemployment rate increased over April so more jobs were lost than were gained.

The way I believe it works, and I am in no way the expert here, is that long term unemployed who have quit looking for work are not counted. When the job market picks up they start looking again and go back to being unemployed strats. A bit of a shell game which hides the true rate.

[2Cdo]

fifeboy fifeboy:

BartSimpson BartSimpson:

Curious that the jobs report celebrates that jobs were added yet the same report's posted unemployment rate increased over April so more jobs were lost than were gained.

The way I believe it works, and I am in no way the expert here, is that long term unemployed who have quit looking for work are not counted. When the job market picks up they start looking again and go back to being unemployed strats. A bit of a shell game which hides the true rate.

That's pretty much how it works.

[andyt]

You guys don't actually read the article, prefer to speculate?

$1:

The unemployment rate ticked up to 5.5 per cent from 5.4 per cent in April, the government said Friday. But that occurred for a good reason: Hundreds of thousands more people began seeking jobs in May. Not all of them found work and so were counted as unemployed.