Literally half of the drop in the unemployment rate over the last year is due to shrinking the size of the workforce -- in other words unemployed are no longer being counted as they are removed from the workforce.
At the national level we’re not making a lot of headway on the economy, but the national unemployment rate keeps edging down because the national workforce is shrinking. And it’s shrinking because so many people are leaving it, givi... Read Post
Barack Obama is the worst jobs president since the Great Depression. The unemployment rate dropped today from 7.6% to 7.5% after 37,000 Americans left the US workforce. July payroll employment increases (+162,000); unemployment rate... Read Post
New European unemployment data is out today. The headline unemployment rate came in at 12.1% vs 21.2% expected. As usual, the numbers on youth unemployment are totally staggering. Total Eurozone youth unemployment is 24.4%. In Italy... Read Post