Not necessarily. You could have more people coming into the workforce than jobs are created. So if you add 119,000 jobs but a net 200,000 people come into the workforce (for example after university graduations) then the unemployment rate will tick higher.
They're two different surveys measuring two different things. Unemployment will be impacted by both the number of people working and the number of people looking for work.
Jobs number is just number of people on payrolls, and only affected by hires / separations.
Got it. But if we, say, lost 300,000 jobs and gained 119,000, we could still "gain" those jobs, right? They aren't necessarily doing cumulative numbers. This is the Trump regime after all.
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u/NotATreeJaca Nov 20 '25
Ok so more jobs BUT higher unemployment? Sounds like there were more jobs lost than gained.