Friday, 9 March 2012

Fun with numbers
Unemployed Canadians continued to find work hard to come by in February as 2,800 jobs were lost across the country.

However, a surprising decline in the size of the labour force meant the unemployment rate fell to 7.4 per cent.

A consensus of economic forecasts had predicted overall growth of at least 15,000 new jobs in the month, with the jobless rate staying steady at 7.6 per cent.
I don't understand the math... If 15,000 new jobs would have maintained a steady 7.6% unemployment, but we lost 2800 jobs (a difference of 17,800) and the unemployment rate dropped by .2% to 7.4%... Did a whole lot of Canadians die last month? Did Hawkesbury, ON burn down and leave no survivors? Did Magog declare independence from Canada?

Who is gaming these statistics?


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