What a difference a few month makes.
Last month we were told by a fawning news media how great things were. The economy was a little engine that could. And the declining unemployment rate was touted in headlines as significant progress toward economic recovery.
Unemployment rate falls to 7.8% in September, reported the Washington Post- a four-year low...”nearly”… whatever “nearly” means.
“The nation’s jobless rate dropped to its lowest point in nearly four years in September. And unlike some recent declines, this one happened for the right reason: not because people gave up looking for a job, but...