September 27, 2012

Capitol Hill Campus: Running the BLS Numbers on Jobs

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What does the unemployment rate really mean? Does it suggest our economy is slowly growing, stuck in neutral, or in fact slipping back into recession? Do the monthly numbers on total jobs created and the unemployment rate tell the full economic story? In order to examine the results of the economic policies pursued since the Great Recession of 2008 effectively, it is critical to understand what the employment numbers mean and what information lies behind them.