September private business sector increased by 162,000 but now we see September was revised down to 76,400 from 80,000 (not 162,000 as actually reported).
Obama tells High School students about the jobs numbers without putting them in proper context.
In the last year, the civilian population rose by 1,739,000. Yet the labor force rose by a mere 238,000. Those not in the labor force rose by 1,501,000. Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.
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