8.8 million remained unemployed
and 2 million over 27 weeks
and the rate goes down because folks give up on getting a job - you need 170000 new jobs for a steady rate -
this was much too low for a decreased rate.
liars
and these liars do not publish the U-6 unemployment rate - the rate that includes the "I give up" folks as unemployed -
wonder why?
Job Watch -
On October 21, The New York Times reported that Treasury Secretary John Snow projected that the economy will generate two million additional jobs,about 200,000 per month, before next years election. This new numberis a huge retreat from the administrations previous projection made when it was selling its tax cuts. In February the Council of Economic Advisers projected 306,000 per month job growth starting in mid-2003 if the tax cuts were passed and roughly 228,000 jobs created per month without the tax cuts.
It takes 170,000 new jobs each month just to provide jobs for an expanding population and workforce and 300,000 new jobs each month to lower the unemployment rate by one percentage point over the course of a year.
More Here:
http://jobwatch.org/