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« Fed President Jeffrey Lacker Tells Charlie Rose: 'More QE Is NOT The Answer, Wall Street Bailouts Were Wrong' | Main | ABSOLUTE GENIUS! MAKE THIS GO VIRAL - Quantitative Easing Explained (Video) »
Thursday
Sep132012

Bernanke: 'The Only Reason That The Unemployment Rate Dropped Last Month Was That Workers Are Giving Up'

Reporter:

"Are you concerned about the shrinking labor force and what does that tell us about the labor market and the economy?"

The Bernank:

"The unemployment decline last month was more than 100% accounted for by declines in participation."

---

Captain Obvious on jobs at today's presser.

"The unemployment rate came down last month because participation fell, and that's not necessarily a sign of improvement."

 

 

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Reader Comments (6)

CHART: Fed Surpasses China In U.S. Treasury Holdings

http://dailybail.com/home/chart-fed-surpasses-china-in-us-treasury-holdings.html
Sep 14, 2012 at 4:35 AM | Registered CommenterDailyBail
Stunning Video Of Space Shuttle Launch Captured Through Jet Window At 30,000 Feet

http://dailybail.com/home/stunning-video-of-space-shuttle-launch-captured-through-jet.html
Sep 14, 2012 at 4:36 AM | Registered CommenterDailyBail
The Environmental Defense Fund Comes Out In Support Of Fracking

http://www.businessinsider.com/environmental-defense-fund-supports-fracking-2012-9
Sep 14, 2012 at 4:37 AM | Registered CommenterDailyBail
China's next leader has not been seen in public for 11 days because he suffered a heart attack, a source has told The Daily Telegraph.

http://www.businessinsider.com/chinas-next-leader-xi-jinping-suffered-heart-attack-2012-9#ixzz26QodoW4U
Sep 14, 2012 at 4:39 AM | Registered CommenterDailyBail
Obama Is Quietly Riding Fracking To Reelection

http://www.businessinsider.com/obama-fracking-reelection-2012-9
Sep 14, 2012 at 4:40 AM | Registered CommenterDailyBail
Sep 14, 2012 at 4:43 AM | Registered CommenterDailyBail

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