Friday, March 4, 2011

Govt fibs the unemployment numbers....again.

http://blogs.wsj.com/economics/2011/03/04/jobless-rate-drop-its-for-real-mostly/tab/print/

Wonder why the unemployment rate is at an artificially low 8.9%? Three simple words: Labor Force Participation. At 64.2%, it was unchanged from last month, and continues to be at a 25 year low. Should the LFP return to its 25 trendline average of 66.1%, the unemployment rate would be 11.6%







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