Friday, May 7, 2010

Obama Calls April Jobs Report 'encouraging News' -

Two things: 1) yes it is encouraging news that there have been increases in hiring 2) the rise in the rate means people who previously were not looking for a job now are which could mean a turn in the economy.

The issues are 1) the unemployment rate is still going in the wrong direction 2) temporary census workers are still keeping the rate DOWN 3) college graduates with no jobs are not yet included in the rate calculation.