re: 12 hours until December unemployment and jobs reports - guesses?

quote:

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He's using percent difference of the percentage points, which is odd.

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That would be odd. Did not use percent difference of percent points. I used unemployed % = (participation# - employed#/participation#)*100. Actual numbers not percentages.

FWIW, I don't know if this is the basic formula to calculate unemployment %. I was only trying to communicate my interpretation (and I think CNN's and many others too) of the relationship between unemployment% and participation in an easy to see model.