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

Sep 13, 2012 at 10:32 PM
DailyBail in bernanke, bernanke, economy, economy, fed, federal reserve, jobs, jobs, labor force, press conference, unemployment, unemployment, video

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."

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).