Unemployment Rate Down A Tick (Because People Are Giving Up Search For Jobs)

Last month, when the June jobs report came out showing only 18,000 jobs had been added for the month, many people took it hard. The July report came out and reports the “good news” that the economy added 117,000 jobs. Another 200,000 folks just dropped out of the labor force. This means our unemployment rate is down to 9.1%

It takes about 125,000 jobs a month to keep up with population growth. And if President Obama wants the country to be below 8% unemployment by Nov. 2012, that number needs …

Want to finish this story? Become a member today!

You'll have access to:

  • All Ricochet articles, posts and podcasts.
  • The conversation amongst our members.
  • The opportunity share your Ricochet experiences.
Join Today!
Already a Member? Sign In