Sunday, February 6, 2011

Economists React: ‘Ton of Noise’ in Jobs Report - Real Time Economics - WSJ

WHERE TO LOOK TO REMOVE SOME CHATTER: Economists React: ‘Ton of Noise’ in Jobs Report - Real Time Economics - WSJ

It's worth taking a look at this chart from the BLS which someone included in their comments to a current Barron's article.

It breaks down employment and unemployment by level of education.

For those with college degrees it rather clearly shows an unemployment level of less than 5%.

It's too bad all of the commentary in the press on the employment figures released Friday don't take into account some of the evidence from this chart.

http://www.bls.gov/news.release/empsit.t04.htm

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