What you need to know about the unemployment rate

Everything you needed to know about unemployment, including participation rate and its implications.

From MISH'S Global Economic Trend Analysis:
"Reader Question Regarding 'Dropping Out of the Workforce'; Implications of the Falling Participation Rate"
http://globaleconomicanalysis.blogspot.com/2011/01/reader-question-regarding-dropping-out.html

Bear in mind as you read this that the unemployment rate you hear on the news does not include all the people that are truly out of work or people who have settled for a job other than what they would like to have.


So what will Obama do about jobs? Funny you ask. They have a plan. Also from MISH'S Global Economic Trend Analysis:
"Janet Yellen Says Fed Asset Purchases Will Create 3 Million Private Jobs By 2012"
http://globaleconomicanalysis.blogspot.com/2011/01/janet-yellen-says-fed-asset-purchases.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+(Mish's+Global+Economic+Trend+Analysis)

If you believe the Fed's plan I've got a bridge to sell you. What a load of crap.