[GeronL]

how does the rate fall?

people giving up looking for work even when their benefits expire?

We all know the numbers are fudged. They are fudged and they are still really bad.

[CMailBag]

More phony numbers....Does ANYONE believe ANYTHING these A-Holes say???

[Mad Dawgg]

IIRC we need about 200K jobs per month just to keep up with new people entering the job market. However new people who can’t get a job don’t show up on the unemployment roles so its all good for Obamanomics...!

[Last Dakotan]

The problem belongs to both parties.

What geniuses sent millions of manufacturing jobs to Asia without any replacement opportunities?

[fwdude]

The Ministry of Truth has spoken, so it must be so.

[kingu]

How does it fall? You lop off five plus days of unemployment numbers from California who wasn't accepting any new jobless claims from July 26th - July 30th, and then have phone issues on July 31st which knocked out the automated unemployment claims phone system.

And next week, there will be unexpected growth in new unemployment claims. But the headline rate won't have to be adjusted until the end of August, with the hope that holiday hires start by then, giving the expected 7.5% unemployment rate.

[MrB]

The “rate” falls when you mess with the denominator in the equation.

[Zuse]

More disability, part time, early retirement, off the books, etc.

[stephenjohnbanker]

” The headline unemployment rate fell slightly to 7.4%”

Times T W O !

[bigheadfred]

Why don’t they just get it over and put it at 4.7?