Submitted by CARPE DIEM
From today’s BLS employment report, here’s what probably won’t get reported:
According to the more comprehensive Household Survey Data (which unlike the establishment data, includes the self-employed, unpaid family workers, agricultural workers, and private household workers), there were 146.331 million Americans employed in April (see chart above), which is: a) 618,000 higher than April of last year (145.733 million jobs), and b) 362,000 higher than March of 2008 (145.969 million).
Note also what happened to employment levels for both measures during the 2001 recession. Much different than 2008. No recession.
Update: Also, as Brian Wesbury points out, the actual, unrounded unemployment rate is only 4.952%, very, very close to being reported as 4.9% instead of 5%!






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