Again a totally BS number has been posted as fact!
“...Unemployment in the United States dropped precipitously in October 2014 according to this morning’s report issued by the Bureau of Labor Statistics (BLS). The report shows that actual unemployment dipped by almost a quarter-percent month-over-month, declining from 11.94% in September to a five-year low of 11.71% in October. This is the lowest US unemployment rate since July 2009, when national unemployment was 11.53%.
The reported official figure declined to 5.8%, keeping actual unemployment over double the official figure for the second month in a row. The Reporting Gap declined to 5.91% from its all-time high last month of 6.04%...”
http://bluepyramid.org/storey/archives/2771
Listening to bloomberg discuss this now....happy days are here again according to them.