Unemployment Goes Up as People Re-enter Job Search?

The economy got what it needed in April: A burst of hiring that added a net 290,000 jobs, the biggest monthly total in four years. It showed employers are gaining confidence as the recovery takes deeper root. The unemployment rate rose because 805,000 people without jobs entered the labor force in April to search for work

But people who had given up on finding jobs are gaining confidence, too, and are now looking for work. That’s why the unemployment rate rose from 9.7 percent to 9.9 percent and will likely go higher.

Based on this people look for jobs on Friday suspend job search over weekend and reenter job search on Monday… Unemployment rate goes up.

Profile of unemployed who suspends job search Friday night and reenters job search on Monday.. Garbage In Garbage Out…

 

Tags:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: