Saturday, October 6, 2012
We all want the suffering of the American people from this rampant scourge of unemployment to end. However, today’s jobs report is confusing to say the least. Previous months numbers have been revised and yet the workforce participation rate remains at a 30 year low. The unemployment rate drops to 7.8 percent, that is where it was in January 2009 when the President took office. But the U6 computation of unemployed, underemployed, and discouraged Americans remains the same at 14.7 percent.