Taming Volatile Raw Data for Jobs Reports from the New York Times sheds light on why the September unemployment rate fell .3 of a point - 20-24 year old workers, basically in the collge age group.
For each year since 1948, the average level of employment for this group has fallen by 398,000 from August to September. In fact, before this year, employment for this age group had risen just two times in that period: 1954 (a gain of 5,000), and 1961 (a gain of 22,000).
This year was the third time on record that the number of people in this age group gained jobs in September, and the gain was big: 101,000.
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