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."
Reader Comments (6)
http://dailybail.com/home/chart-fed-surpasses-china-in-us-treasury-holdings.html
http://dailybail.com/home/stunning-video-of-space-shuttle-launch-captured-through-jet.html
http://www.businessinsider.com/environmental-defense-fund-supports-fracking-2012-9
http://www.businessinsider.com/chinas-next-leader-xi-jinping-suffered-heart-attack-2012-9#ixzz26QodoW4U
http://www.businessinsider.com/obama-fracking-reelection-2012-9
http://dailybail.com/home/80-of-citigroup-mortgages-were-defective.html