When a Lower Unemployment Rate Is Bad News

When a Lower Unemployment Rate Is Bad News

Want to reduce the unemployment rate?  Stop looking for a job.

More than 300,000 workers dropped out of the labor force in August, while employers added just 96,000 positions.

In the bizzaro world of Washington, D.C., that cut the unemployment rate from 8.3 percent to 8.1 percent.

Now if we can only get a few million people to stop looking for work, we can achieve full employment!

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