Free Republic

In Unemployment Rate Dips to 8.6% as 487,000 Drop Out of Labor Force I presented some quick facts on the drop in the unemployment rate. In the last year, the civilian population rose by 1,726,000. Yet the labor force fell by 67,000. Those not in the labor force rose by 1,793,000.   In November, those "Not in Labor Force" rose by a whopping 487,000. If you are not in the labor force, you are not counted as unemployed.  Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%. Labor Force and Unemployment...

The White House is starting to get smart. President Obama this morning canceled his scheduled trip to a company in Springfield, Va. – not far from the White House – to discuss fuel efficiency standards for heavy duty vehicles. Engaging in this bit of relative trivia while the economy is in such peril would have been about as appropriate as inviting a hypnotist to a funeral. Instead, Obama will meet with industry officials behind closed doors at the White House. If they want to really get smart, Obama aides will cancel his bus trip next week as well. The sight...