Michael Paolucci CEO of Solvate seeks the truth behind unemployment numbers
NEW YORK, June 4—How do you explain anemic job growth, just 41,000 new non-farm payroll jobs last month, ex census hires, far lower than leading economists had forecast, with a declining unemployment rate, from 9.9% to 9.7%? Conventional wisdom says that the unemployment rate is under reporting the number of unemployed people in America because if you stop looking for work you are no longer counted in the statistic, and the assumption has....