The population rose by over 2 million, but the labor force fell by over 200,000. People dropping out of the work force accounts for much of the declining unemployment rate. (source infra)
Mish's Global Economic Trend Analysis: Nonfarm Payrolls +175,000, Household Survey +42,000; Unemployment Rate 6.7%: "Beneath the surface, things look worse again. The household survey shows a gain of employment of only 42,000 while unemployment rose by 223,000." (read more at the link above)
What a stinking recovery!
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