Census Hiring and Reporting Methods Minimize April Unemployment Numbers
Don Miller (May 11th, 2009) Writes:
Employers cut 539,000 jobs in April, the lowest total in six months, but the Labor Department said the unemployment rate still soared to 8.9%, from 8.5% in March. While some analysts viewed the latest report as a sign of a nascent economic recovery, the unemployment numbers are almost certain to head higher before the recession is declared over.
Last week’s report could have been worse if the numbers hadn’t been held in check by a burst of federal government hiring of temporary workers to prepare for the 2010 Census.
The report was also skewed by the way the government categorizes the unemployed. As Money Morning previously reported, if laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the numbers skyrocket.
In fact, if the latest unemployment report had included those workers, the rate would have soared
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