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  • Actually, the unemployment rate did not fall by 0.1%

    From businessinsider.com

    The unemployment rate fell to 5.4% in April from from 5.5% in March. That's accurate. But it's imprecise. The issue is rounding. In April, 8.549 million Americans were unemployed. The civilian labor force, which includes the employed and everyone looking for jobs, stood at 157.072 million. Based on those numbers, the unemployment rate was 5.443%. In March, there were 8.575 million unemployed and 156.906 million in the labor force, which meant the unemployment rate back then was closer to 5.465%. That's a 0.022% point decline in the unemployment rate. That's definitely less of a drop than the 0.1% drop rounding will ... (full story)

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  • May 8, 2015 3:43pm May 8, 2015 3:43pm
  •  dchristi
  • | Joined Jan 2012 | Status: Member | 86 Comments
...and there will be times when the tenth of a percentage does not reflect the full amount of reduced unemployment.

No one ever said that rounding numbers leads to precise results.
Student of the Markets
 
 
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  • May 8, 2015 5:51pm May 8, 2015 5:51pm
  •  Russell412
  • | Joined Dec 2010 | Status: Member | 26 Comments
I favor this math. What percent of able bodied people in the US are not working.
 
 
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  • May 8, 2015 6:19pm May 8, 2015 6:19pm
  •  Manudatinh
  • | Joined Nov 2008 | Status: Member | 391 Comments
So?
 
 
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  • Posted: May 8, 2015 3:07pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 2,221
  • Linked event:
    USD Unemployment Rate
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