Saturday, March 05, 2011

Santelli, Jobs, Dark Side

From CNBC via Drudge

Santelli: 'Good' Jobs Report Has Dark Side — CNBC, Market and Economy News - CNBC: "We also learned from the February report that the unemployment rate finally trended below the psychologically important 9 percent mark. This is a very big development, considering the rate was pushing the 10 percent level several months ago.

Upon closer scrutiny though, there is another factor contributing to the drop that is not necessarily good news: The official size of the U.S. labor force is shrinking."

Is this considered cooking the books?

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