Economic Malaise

Despite the unemployment rate dropping three tenths of a point in the latest jobs report (to 7.8 from 8.1), the economy only added just over 100,000 jobs…not enough to keep up with population growth. The rate drop is a consequence of a mid-year adjustment and the record-low workforce participation rate, as you can see in the second graph below.

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Date: Friday, 5. October 2012 9:55
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