Quote:
Originally Posted by SackAttack
The thing I can't figure out is whether it's relative to the number of jobs lost a year prior or relative to the unemployment rate a year prior.
Would make a difference as far as just how scary the Michigan meltdown really is.
|
Quote:
|
Because the data are not seasonally adjusted for natural employment cycles throughout the year, the numbers you see show the change in the number of people employed compared with the same month in the previous year. Blue dots represent a net increase in jobs, while red dots indicate a decrease. The larger the dot, the greater the number of jobs gained or lost.
|
That seems pretty straight-forward to me. It is number of jobs compared to the same month in the earlier year.