A Drop in the Unemployment Rate on Economic Pulse

Aug 29, 2014

PA Department of Labor and Industry reported a significant drop in the unemployment rate, falling from 7.7% in July 2013 to 5.9% in July 2014. But let’s look at the calculations; there were 2,500 new jobs created in the last 12 months which is ok, and if this was all, unemployment rate would have dropped to only 6.7%. Then how did we moved down to 5.9%, where did the other 0.8% come from?

(Original air-date 8/29/2014)