Unemployment Steady or is it?

The new unemployment was a surprise to many economists since it showed that employers shed 85,000 jobs instead of the expected slight increase. The unemployment figure remained the same 10 percent. I don’t get it. If the employers shed almost 100k jobs how can the unemployment figure remain the same. It maybe the fact that some of the unemployed lost their benefits and were not counted. Or some were so discouraged to look for a job that they dropped out of the scene and are no longer counted as unemployed or employed.

Anyway you look at it, the pictures are not good. Although the manufacturing sector and the economy as a whole is growing but it is not being reflected in the employment figures. Which means that the employers are either cautious about hiring or they are squeezing their existing employees for more work without increasing their payroll.

This is not good which means that it will be a long time before employment numbers come down (official or otherwise) and the full economy will start benefiting from it.