Unemployment Rate Dips to 8.6% as 487,000 Drop Out of Labor Force

Unemployment Rate Dips to 8.6% as 487,000 Drop Out of Labor Force

 Quick notes about the "falling" unemployment rate: 

• In the last year, the civilian population rose by 1,726,000. Yet the labor force fell by 67,000. Those not in the labor force rose by 1,793,000. 
 
• In November, those "Not in Labor Force" rose by a whopping 487,000. If you are not in the labor force, you are not counted as unemployed.
 
• Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.

Jobs Report at a Glance 

 

 more below

http://globaleconomicanalysis.blogspot.com/2011/12/us-payrolls-rise-modest-120000.html