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A LOT of people must have been dropped from the rolls in order to drop the unemployment rate by 0.4%
It is surely not do to GAINS in employment.
Gov’t chicanery going on?
Yep 315K Americans left the labor force last month.
Canada lost 18,600 jobs in November.
Wood’
while that is true most will wake up and read the head line and think things are getting better.
Hopefully that has a positive effect while we work out our negative position.
Oh, it will surely be spun hither and yon as a Keynesian Dream coming to life, right before our very eyes. Already Reuters is out with how positive the report is. I wonder how many paragraphs into the Reuters report you have to read to find out that 3x as many people left the labor force than were hired?
Wood’,
Many paragraphs I,m sure of…but remember all of our news is spun like a web to paint a picture.
Mixed metaphor alert!
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