Taxes and Employment II

OK here some explanation, and a new question raised. Gateway Pundit has a report on the unemployment numbers showing the unemployment rate at 9.5%. Oddly, the 470,000 jobs lost in June only added .1% to the unemployment rate, but in the previous month, when the economy shed 520,000 jobs, the rate jumped .4%. It seems a 10% reduction in job losses results in a 75% reduction in the effect.

Regarding my simplistic method of calculating the unemployment rate in the previous post, Gateway notes:

...If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate would have been 16.5 percent in June, the highest on records dating to 1994.

Still not quite apples to apples, but closer than published government numbers which become more suspect almost daily.