Hello,
I’m a newbie and have just finished the school of pipsology and keen to get stuck into demo trading. I’m trying to really get a grip on the fundamentals and I’ve been reading the Piponomics blog. There’s a couple of things regarding price action I really cant get get to grips with in the latest blog entry.
[I]"Economic forecasts were right on the money as they had correctly predicted an increase of 114,000 jobs in September. This was accompanied by upward revisions to July's and August's gains, which were upgraded from 141,000 to 181,000 and 96,000 to 142,000 respectively.
Meanwhile, the unemployment rate fell sharply in September, falling to 7.8% from 8.1% - its biggest monthly drop in over 18 months.
How in the world did that happen?
To understand the discrepancy between the job gains and the big drop in the unemployment rate…"[/I]
So why is it strange that the unemployment rate fell and more jobs were created? Doesn’t that make sense, more jobs and less unemployment?
My apologies if I’m asking about really basic stuff that is covered elsewhere!