By: Jeremy Mulvihill
on October 12, 2018
Following unemployment numbers is a passion for those who watch the economy. However, current happy talk needs tempering with a closer look at numbers.
The announced 3.9% unemployment rate is, as news reports mentioned, a low since 2000. But percentages are expressions of ratios: how much of one thing compares to another. The unemployment rate is the ratio ofthe number of unemployed people and the total workforce, which is the sum of the employed and unemployed.