Wall Street Journal explains this week's "drop" in the unemployment rate:
The unemployment rate fell to 7.3% from 7.4%, but that was mainly because another 312,000 working-age Americans left the workforce. The stunner is that the labor force participation fell to 63.2%, which is the lowest rate since August 1978... if those who have stopped looking for work were counted as unemployed, the jobless rate would be closer to 10%. — Another Jobs Lull, with the following graphic:
Looks like Obama's economic policies have cut off a whole lot of body parts since proclaiming the end of George Bush's recession.
