Originally Posted by DBruleU
The largest drop in EU rate in 29 years? While we added only 114k jobs? Less than previous months? Yeah, that seems normal. And like every other month, the #'s will once again be revised upwards.
If labor force participation were the same today as it was when Obama took office, we'd be at 10% UE.
Reading through these threads here it's clear how throughout history corrupt governments took control of their people....they sold so much BS and their people never knew what was ACTUALLY going on behind phony "facts."
7.8% unemployment when Bush left office...."Horrible!"
7.8% unemployment in Sept 2012...."Terrific!"
And yes, like last month......the drop is due to people GIVING UP looking for work.....and in the case of this month, PART time jobs.
No matter what way you cut it......job growth still isn't keeping up with population growth. But spin away....."This is a GREAT report."