The most recent release of unemployment data has raised some questions, namely, how can we lose 20,000 jobs in the same month that the unemployment rate declined to 9.7%. The answer is simple: The unemployment rate is essentially a made-up figure. And I can give you a much more accurate way to measure the unemployment rate. First, let’s take a brief look at how the monthly Employment Situation figures are compiled by the Bureau of Labor Statistics

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Counting Unemployment