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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (118945)12/2/2011 11:14:47 AM
From: longnshort4 Recommendations   of 224728
 
The measure some refer to as the "real" unemployment rate, which counts discouraged workers, also took a fall to 15.6 percent from 16.2 percent, its lowest level since March 2009.

However, economists were treating the rate drops with skepticism.

"When the unemployment rate declines, we want to see both employment and participation increase as discouraged workers return to the labor force. Today, we got the former, but not the latter, making the 0.4 percent drop look a bit suspect," Neil Dutta, US economist at Bank of America Merrill Lynch, told clients. "We would not be surprised to see the unemployment rate give back some of its decline in the coming month(s)."
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