CEPR - Center for Economic and Policy Research

Multimedia

En Español

Em Português

Other Languages

Home Publications Blogs Beat the Press Inventing a Surge of Job Seekers

Inventing a Surge of Job Seekers

Print
Monday, 05 April 2010 05:45

A front page Washington Post article told readers that:

"The number of people looking for jobs rose by more than 200,000 last month compared with February, according to the Economic Policy Institute -- and that's a good sign, economists say. It means that Americans are seeing more jobs being created and that they're optimistic about their prospects."

Umm, actually no. This increase in the size of the labor force is too small to be statistically significant. It is not uncommon for there to be big jumps in the size of the labor force for no obvious reason. For example, the labor force was reported as rising by 543,000 people in September of 2002, a time when the economy was still shedding jobs and by 554,000 jobs in April of 2009, when employment was still plummeting. There is no reason to think that the modest job growth shown for March would have any notably effect on job seeking.

Comments (1)Add Comment
Job Searh Websites - Apply for Multiple Jobs Automatically
written by iJobdrone, May 18, 2010 10:22
Thanks for the information. Job Search Websites is a big help for job seekers online to build their career.

Write comment

(Only one link allowed per comment)

This content has been locked. You can no longer post any comments.

busy
 

CEPR.net
Support this blog, donate
Combined Federal Campaign #79613

About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

Archives