Tag Archives: John Crudele

What’s Behind Those Pre-Election “Rosy Scenario” Unemployment Reports?

The last U.S. Labor Department unemployment rate report before a major election once again recently reported a big drop just below a significant milestone. The rate which is based on the Census Bureau’s Current Population Survey dropped from 6.1% in August to 5.9% in September in just one month. It is the first time the unemployment rate has fallen below 6% in more than six years.

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