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Friday, December 2, 2011

Unemployment At 8.6, But...



It has been reported that the unemployment rate dropped to 8.6% in November.

This sounds great, but it's only because 310,000 people gave up on looking for work.

While any drop in unemployment is welcome, it is still unacceptable.
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1 comment:

  1. Richard A.December 2, 2011 at 7:41 PM

    If you want to understand what caused this recession and how it could have been prevented, you might read some of the market monetarist blogs.

    http://www.themoneyillusion.com/
    http://thefaintofheart.wordpress.com/
    http://macromarketmusings.blogspot.com/
    http://marketmonetarist.com/
    http://uneasymoney.com/

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