Pay No Attention to Those Jobs Numbers

On the first Friday of every month, the Bureau of Labor Statistics releases its new unemployment numbers, and media outlets grab those numbers and broadcast them immediately (I’ve been guilty of this). Pay no attention to the jobs numbers that are released—those are revised multiple times later in the year, and often improve a little.

But the unemployment numbers—the number of people who are unemployed or underemployed or who want work but have given up looking for jobs because they’ve become discouraged—do not change. That number is 14.8 percent, an increase from 14.5 percent last month. Who’s looking for a job this summer?

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3 Comments / Post A Comment

Eric (#1,116)

I live in Ontario, Canada, where I just finished a contract with the provincial government. It was extended a few times but eventually, there was no more work in the Branch I was working in. I am unemployed as of today. Our job numbers are slightly better than the U.S. overall, but not by much. It is a constant struggle of sending out resumes and setting up dozens of information interviews (most of which lead nowhere) to try and make it into a job where you feel like you are being challenged, being compensated fairly and see possibility for improvement and advancement. That does not mean an entry-level job start at $75K a year with 3 weeks vacation. It means going to work every day and making a meaningful contribution to your company and your clients.

I know, I know, that comment just wreaks of Gen Y entitlement, doesn’t it.

I love that both the Awl and here have adopted U-6 as their headline unemployment figure. Bravo guys!

klbvxf (#1,088)

*raises hand*

Been out of work for 2 months now. Had a promising interview this morning. Ready to go back to work.

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