Friday, September 03, 2004
The Wecovery: Jobs number mediocre, but labor market is shrinking
The operation was a success, but the patient is dying:
Just enough to keep us from losing ground. As if the terrible market for jobs were some sort of accident, when in fact, it's the plan (back).
The fall in the unemployment rate was not unalloyed good news. Economists noted a 152,000 fall in the civilian labor force that potentially accounted for at least part of the jobless rate decline. The labor force often falls when job-seekers abandon the hunt for work.
(via Reuters)
Just enough to keep us from losing ground. As if the terrible market for jobs were some sort of accident, when in fact, it's the plan (back).
