Good News, the Unemployment Rate Went Up?!

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Good News, the Unemployment Rate Went Up?!

Yes, you read the title correctly – the 2015 January unemployment rate went up and many economists are hailing this as a positive sign for the economy.

When it comes to measuring the health of the job market, the unemployment rate undoubtedly gets the most attention, and criticism, when it is released on a monthly basis by the Bureau of Labor Statistics (BLS). Admittedly, accounting for every external real world factor and boiling it down into a single figure is not without its flaws, which is why, as a standalone statistic, simply citing an unemployment rate of 5.7% for January 2015 (a 0.1% increase over December 2014) does not tell the whole story.
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