Well, since it is election time, let's get your political juices flowing. How did the latest unemployment number drop SIGNIFICANTLY from 8.1% to 7.8%? So, there could be two answers to the question one of which is factual and one that has a flavor of conspiracy as stated by Jack Welsh, probably the greatest CEO in history. Welsh says that the numbers have been cooked by the administration prior to the election. If a minimum of 150K jobs must be created to keep pace with new people just entering the workforce how can a report indicating only 114K jobs created make the unemployment number go down? The factual answer is that the participation rate is the lowest it has been in 31 years and means more people have given up and stopped looking for work and then are no longer counted in the unemployment report. So, when you see that the unemployment rate dropped, keep in mind that it dropped for a VERY bad reason!
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