Jobless rate falls to 7.8 %

[JBS...]

Originally Posted by bhunter

But you're not considering his second graph. The participation numbers and the unemployment rate are linked. That is, lower participation will also decrease the unemployment rate in similar proportion to an increase in the number of jobs. The use of the unemployment rate alone is not sufficient to characterize the nation's employment. I wish the statistics challenged media would realize it. If you want to see what can be done with data, check out how the CPI has been modified starting back in the Reagan Administration.

+1
Yup.... thats the point of posting both charts.

Originally Posted by Rex E.

Interesting pic JBS...

Then it peaks in Oct '09 with another bump in May 2010 and another Dec 2010. Post Dec 2010 it's been in steady decline. 18 months of steady decline in unemployment according to your pic. Looks like the policies are working despite the oppositions best efforts in congress to STOP THE TURN AROUND OF UNEMPLOYMENT!

LMAO, dont you just love stat's... My trun to spin... What I see is a direct correlation with the drop in unemployment to the new "Tea party" Congress

Have fun with that boys...