 U.S. adds 280,000 jobs in May as economy picks up U.S. employers added a robust 280,000 jobs in May, showing that the economy has regained momentum after starting 2015 in a deep slump.Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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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.
Curious that the jobs report celebrates that jobs were added yet the same report's posted unemployment rate 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.
Curious that the jobs report celebrates that jobs were added yet the same report's posted unemployment rate 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.
Curious that the jobs report celebrates that jobs were added yet the same report's posted unemployment rate 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.