Friday, December 07, 2012

If enough people stop looking for work, Obama and his toadies will brag about 0% unemployment

146,000 Jobs Added In November, Beat Expectation Of 85,000, Unemployment Rate Lower At 7.7%

Confused why the unemployment rate dropped? The same, favorite BLS adjustment - a drop in the labor force participation rate which declined by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000.

146K jobs added while 540K gave up on finding a job and likely went on disability or welfare. That's Obama economics. And the 146K will be revised downward next month like the September and October numbers were this month.