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re: Dismal Jobs Report - 74,000 non-farm Jobs Added
Posted on 1/10/14 at 8:40 am to ynlvr
Posted on 1/10/14 at 8:40 am to ynlvr
quote:
62.8% Job Participation rate, the lowest since 1978.
Its been this way for the past few years... That is the ONLY reason the unemployment % is dropping.
I think someone figured it out and if the participation rate was the same that it was in the 04/05 range when it was a "jobless recovery" at 5% unemployment, the number today would be in the 9-10% range
1
Posted on 1/10/14 at 10:10 am to Lsut81
I found it interesting that CNN reported the 6.7% as "sour."
It's funny how the media portrays unemployment when they have an agenda. This same news two years ago would have been considered a victory with the job participation rate not even being mentioned.
It's funny how the media portrays unemployment when they have an agenda. This same news two years ago would have been considered a victory with the job participation rate not even being mentioned.
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