March 10, 2012 at 07:18 AM EST
What if…? Looking Beyond this Month’s Jobs Numbers
Today’s employment numbers for February illustrate that while mathematically simple, the relationship between employment, unemployment, and the labor force participation rate is complicated. One might expect that we would have seen a drop in the unemployment rate in February, given the addition of an estimated 227,000 payroll jobs for the month (see the U.S. Bureau [...]
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