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…



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