Monthly government unemployment numbers often have little to do with reality. If corporations spewed out such faulty figures they would be hauled off to court and their officials jailed.
The media usually goes along with the official government charade by placing a spin on what you are supposed to make of the raw figures, depending on the political party of media favor.
One exceptional illustration was the past administration’s creation of the “jobs saved” number. Jobs saved were merely estimates of the “coulda, shoulda, and if” variety, that could not be truly measured.
Worse, unemployment statistics leave out those who have given up looking for work. They also count part-timers who cannot find full-time work. (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)
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