The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: 602,000 more government workers||Date: 10/10/2012 8:13 AM|
|Author: doubtit||Number: 1822811 of 1998773|
Largest increase in 20 years ??????????????
Anyone here think this is true?
In August, the labor-force participation rate in the U.S. dropped to 63.5%, the lowest since September 1981. By definition, fewer people in the workforce leads to better unemployment numbers. That's why the unemployment rate dropped to 8.1% in August from 8.3% in July.
Meanwhile, we're told in the BLS report that in the months of August and September, federal, state and local governments added 602,000 workers to their payrolls, the largest two-month increase in more than 20 years. And the BLS tells us that, overall, 873,000 workers were added in September, the largest one-month increase since 1983, during the booming Reagan recovery.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|