re: #164 blueraven

Everyone treats the current month unemployment figures as though they’re fixed in stone, even though the BLS adjusts the initial figures a couple of times in following months.

The initial figures do have value, but the revised figures are more accurate. You have to take a wholistic approach to them as they’re single data points - add to them the ADP figures, and you get a more complete picture of employment across the US. In total, the jobs situation is improving, albeit at a slow pace. The pace is affected by government reduction in jobs at all levels, plus the slash and burn of the sequester.

I’ve seen in various places that had the government not shed all the jobs it did, the unemployment rate would be a full point lower than it is now.