----
Record Low 4.7% Unemployment Rate Hides Ominous Signs
// The Economic Populist - Speak Your Mind One Dime at a Time
The May 2016 unemployment report on the surface sounds like great news. The unemployment rate dropped to an astoundingly low 4.7%. This is a -0.3 percentage point drop from last month and a level not seen since November 2007. Yet the statistics which make up the unemployment rate actually shows something terrible. The unemployment rate dropped because 664,000 people dropped out of the labor force with almost half a million no longer counted as unemployed.

----
Shared via my feedly newsfeed
No comments:
Post a Comment