"The drop in the unemployment rate . . . was bad news."

[JailForBush]

obless rate dips, but so does hope

By Danielle DiMartino
The Dallas Morning News

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DALLAS — Giving up.

That is what 309,000 Americans who had been searching for jobs did in December, according to a report released yesterday by the U.S. Bureau of Labor Statistics.

Though the unemployment rate dropped from 5.9 percent to 5.7 percent, its lowest level in 14 months, many experts were discouraged by the source of the decline because it was mainly due to a shrinking labor force.

"The drop in the unemployment rate was not good news. It was bad news," said Hugh Johnson, chief investment officer at First Albany. "Politicians will try to put a positive spin on it, but the truth is there was nothing good, uplifting or encouraging in the report."

(It doesn't get much better.)


http://seattletimes.nwsource.com/html/businesstechnology/2001833939_jobs100.html

[burrowowl]

1. Bad news!

I'm shocked. Will the sheeple wake up?

[JCMach1]

2. The also revised down significantly the numbers for previous

months. OF course, that got virtually no press.

The economy is still stagnant...!

[nadinbrzezinski]

3. Its official

this is the leading oedge of a depresion