Not sure if I am one of the ones of whom you speak but I posted on the other weekly jobless claims post the 4-week average did in fact fall to 350,000 and that is the lowest point since March 2008. I see that the original article in this thread says the same.
Here's the data from FRED:
posted on 02/07/2013 7:54:00 AM PST
by Wyatt's Torch
(I can explain it to you. I can't understand it for you.)
To: Wyatt's Torch; blueyon; traumer; ltc8k6; Smokin' Joe; skeeter; FlingWingFlyer; John W; txrefugee; ..
No matter how you slice it we are in a world of hurt. The Labor participation rate is the lowest in 16 years, yet we are being told that employment is trending up?
Looking back to when they began tracking the LPR, you will see that Obama is the only president to ever have consistently lowered the number of Americans who are participating in the labor market. All to make it look like the unemployment rate is not getting worse.
No matter how you slice it, the unemployment rate in America is worse today than it was when Obama was elected in 2008. Trust me, it will only get worse.
posted on 02/07/2013 9:43:51 AM PST
(I'm just a Christian waiting to go home)
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