Here's something you might be interested in.
The San Diego County unemployment rate in June was 7.3%, up from a revised 6.8% in May. The county gained 7500 jobs over the month and 19,300 from a year ago. Obviously, more people are joining the labor force, looking for jobs. Trade, transportation, and utilities jobs rose 2200 over the month, but educational and health services dropped by 900. Educational services jobs were down by 1,100, according to the California Employment Development Department.
The San Diego County unemployment rate in June was 7.3%, up from a revised 6.8% in May. The county gained 7500 jobs over the month and 19,300 from a year ago. Obviously, more people are joining the labor force, looking for jobs. Trade, transportation, and utilities jobs rose 2200 over the month, but educational and health services dropped by 900. Educational services jobs were down by 1,100, according to the California Employment Development Department.
I wonder how good the statistics are. (Lies, damn lies, and statistics?) What's the confidence interval, and what confidence can be placed in it? The implication of the number to the right of the decimal point implies plus or minus .1 percent? Is the Devil in the details or "God?"
Twister: The unemployment rate doesn't measure the quality of jobs. And that's only one thing wrong with it. Best, Don Bauder