Government unemployment numbers are misleading. They must be carefully interpreted. They never fully are in the media, often for politically-slanted purposes.
Examples:
Unemployment numbers don’t tell you how long the unemployed have
been out of work. Or how many are not working full days, nor have
permanent jobs. Or how many have given up looking for work. Those
out of work a long time may not even be looking for employment, and
are not being counted as unemployed,
All that results in a better
than reported unemployment figure.
Moreover, the time of year
reported is a factor. And weather conditions may have much to do with
short-term implications of job statistics. Furthermore, those tricky "estimates" that compose many of the statistics. (See
the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)
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