Unemployment Rate is a Meaningless Number

Record 88,921,000 Americans ‘Not in Labor Force’—119,000 Fewer Employed in August Than July | cnsnews.com

It's official, the unemployment rate is a meaningless number.  Here's how you know that is true.

In July the rate was said to be 8.3%, and in August it was 8.1%
But in July there were 155,013,000 people employed, while in August that number dropped to 154,645,000.  So how can the unemployment rate go down, when the number of employed goes down, and the population grows?  Answer is, it can't.  UNless you play games with the numbers, and how you classify employed people and unemployed people.



Also, note that the economy supposedly added 96,000 jobs, but the number of employed people went down.  Go figure.  No seriously, go figure that out for me.