Friday, October 05, 2012


**This was from last months report**(8.1 from 8.3%


Unfortunately, the drop in the unemployment rate was the result of a sizable drop in the labor force participation rate (from 63.7% to 63.5%).

That rate is the lowest since September 1981.

Read more:
Todat's report, given the LOW #'s reported in the jobs data....seeing a drop from 8.1% to 7.8% is rather dramatic on the surface until you read above, same thing must have happened this month but even greater numbers giving up. And stocks near new highs.....WHAT a disconnect!

"The job market has been improving, sluggishly but steadily. Jobs have been added for 24 straight months. There are now 325,000 more than when Obama took office.
The September gains were led by the health care industry, which added 44,000 jobs — the most since February. Transportation and warehousing also showed large gains. The revisions showed that governments actually added 63,000 jobs in July and August, compared with earlier estimates that showed losses. Still, many of the jobs added last month were part time. The number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million."



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