Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Unemployment unplugged: There are more people out of work than you think


January 28, 2019

Bob Andres • Atlanta Journal-Constitution

It's important not to take any economic number at face value, especially when you're the one looking for a job.

On Jan. 4, one number contributed to a strong open for equity markets: the Employment Situation report, otherwise known as the unemployment report or "nonfarm" payroll report for the market insiders out there, was released by the Bureau of Labor Statistics (BLS) as it is on the first Friday of each month.

The report for December issued that day was a good one: the unemployment rate was reported to be 3.9 percent and 312,000 jobs were added to the economy. It was a major story for a day when the Dow Jones industrial average finished up 746 points for the day.


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