[CaptainK]

It’s going down because so many people have stopped looking for a jobs.

If everyone stops looking the unemployment rate will be 0 by election day.

[JPG]

That is correct and the bad news for Obie is that the reason for the drop is being included in the media’s breathless reporting. It stinks and they can’t hide the smell any longer.

[Smokin' Joe]

Start with 52 weeks of benefits. Add 99 weeks of benefit extensions. Get laid off in the first year of the Obamites' run, and you are falling off the unemployment rolls about...now.

Now, because you no longer qualify for Federal unemployment benefits, if you don't have a job, you don't count. You are a 'discouraged worker' or some such and no longer in the labor force.

Fewer people in the labor force, divided into (the number who are officially out of work (declining also), means the fraction of officially unemployed people will get smaller as the (former) workers are no longer officially part of the labor force.

The timing is such that the numbers should just get better running up to the election as more out of work workers who are no longer officially unemployed are discarded from the labor rolls.

Probably no coincidence, either.

[NonValueAdded]

Correction follows:

It’s going down because so many people have stopped being counted as looking for a jobs.