The apparent contradiction is explained by workers either joining the labor force (recent graduates from years past who never had a job!), or those coming back from long term unemployment (meaning they didn't count in the earlier U-3 figure which is the rate everyone uses, once out of work for six months) or others deemed to not be looking for work). Nevertheless, a 0.2 percent jump in unemployment should not rationally be viewed as a sign of improving economic times.
Eric Dixon: an attorney based in New York who handles economic, strategic and legal analysis. For questions, call 917-696-2442.
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