Looks like more people are dropping out of looking for work. This is the wrong way of lowering the unemployment rate.
Note to the White House: You're supposed to create jobs to lower the rate, not make the people looking for work give up hope.
@nytimes: Breaking News: U.S. Economy Adds 165,000 Jobs; Unemployment Rate Drops to 7.5 Percent
Looks like I may have been a bit presumptuous in my initial postings. It appears, as of now, that this job report may actually be a decent one.
ReplyDeleteIt is interesting to note that as of yesterday, all leading indicators were pointing to a very weak job number