Unemployment rate declined to 7.7% from 7.9%
Happy days are here again! /s
“Confused why the unemployment rate dropped? The same, favorite BLS adjustment - a drop in the labor force participation rate which declined by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000.”
this is all smoke and mirrors.
they are now trying to pretend that things are getting much better so.... after we go over the fiscal cliff Obama can lay the blame for the coming double dip recession on “obstructionist republicans”.
the spin will be ... things were just starting to turn around... but then the Republicans insisted on making the rich richer by refusing to raise their taxes, causing the economy to slip into another recession.
Unemployment rate declined to 7.7% from 7.9%