Brainfade Posted September 7, 2013 Posted September 7, 2013 http://www.washingtonpost.com/business/unemployment-falls-for-the-wrong-reason-as-many-americans-give-up-on-weak-job-market/2013/09/06/58f0d59e-170a-11e3-961c-f22d3aaf19ab_story.html Unemployment drops to 7.3%. President Obama promised that he would bring it under 8% and keep it there. Looks like he has succeeded - technically. More than 300,000 people were no longer working or looking for a job. Their exodus shrank the so-called labor force participation rate — the percentage of adult Americans with a job or seeking one — to 63.2 percent. It’s the lowest participation rate since August 1978. Once people without a job stop looking for one, the government no longer counts them as unemployed. That’s why the unemployment rate dropped to 7.3 percent in August from 7.4 percent in July even though 115,000 fewer people said they had jobs.
hhunaeh Posted September 7, 2013 Posted September 7, 2013 The word "american" would have been a good addition to the title heading.
Brainfade Posted September 7, 2013 Author Posted September 7, 2013 The word "american" would have been a good addition to the title heading. Oops ... mods, could you change that?
Recommended Posts