The Telling Line

Yes, the jobs number was better than expected, which is always a good thing, but what troubles me is this

The unemployment rate dipped to 9.1 percent from 9.2 percent in June, but this was mostly the result of people leaving the labor force.

Not good.

4 Responses to “The Telling Line”

1. tree hugging sister says:

   August 5, 2011 at 8:42 am

   See post below…

2. aelfheld says:

   August 5, 2011 at 10:53 am

   […] the jobs number was better than expected […]

   Ahh, but this is the only the first version. Wait ’til we get the ‘revised’ (read ‘real’) numbers in a month or so.

3. Ave says:

   August 5, 2011 at 10:58 am

   Cue up “Highway to the Danger Zone.”

4. Yojimbo says:

   August 5, 2011 at 12:48 pm

   We actually had fewer people employed in July as we did in June. Using the labor participation rate of Obama’s first month in office would yield an unemployment rate over 11 percent.

   Y’all have a nice day.