According to a recent press release from the US Bureau of Labor Statistics, “Unemployment rates were lower in June than a year earlier in 185 of the 372 metropolitan areas, higher in 168 areas, and unchanged in 19 areas. In June, 226 metropolitan areas reported over-the-year decreases in nonfarm payroll employment, 135 reported increases, and 11 had no change.”
What was that?
Americans toss around unemployment statistics like BP tosses oil. The numbers are splattered across newspapers, radios and conversations but most people are unsure about where they originate, or how today’s numbers will impact us long term. Hearing that unemployment is “highest since the depression” is depressing. Why look for a job if there aren’t any? And when the numbers change, and unemployment rates drop, then why is it still so hard to find a job? By learning about where those numbers originate, people can make better personal decisions about how to respond when they hear about them.