U.S. economy adds 163,000 jobs, rate rises to 8.3 percent

Actually, it's very simple (M.A. in Economics here, among my many other talents). The unemployment rate tracks the number of people looking for and available to work. If you give up looking for work because you think it's hopeless to try More..

Grundle here are the real reasons for the continued rise in Unemployment: Not the political feel good either way info:

A. 16 year olds coming into the work force are not counted.
B. Legal immigrants with less that 18 months work(6 More..

- 12.8M people out of work
- 40.7% of those have been out of work for six months or longer
- 8.8M jobs lost during the financial crisis (only 4M added back)
- 195,000 jobs lost in July
- 150,000 people dropped out of the job More..