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Friday, April 6, 2012

“The unemployment rate dipped, but mostly because more Americans stopped looking for work.”

from Fausta's Blog by Fausta:


“The unemployment rate dipped, but mostly because more Americans stopped looking for work.”:
In today’s WaPo,

US hiring slows in March as employers add just 120K jobs, unemployment rate dips to 8.2 pct.


The unemployment rate fell to 8.2 percent, the lowest since January 2009. The rate dropped because fewer people searched for jobs. The official unemployment tally only includes those seeking work.
Well, at least they didn’t say it was “unexpectedly.”

Don't tell the press; it may distract them from their spinning.

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