I have to credit our own Mike Shedlock for writing about how Obama’s been able to drive down the topline unemployment number even though unemployment remains as a big problem today as it has ever been.
I’m often reluctant to piggy back on a contributor’s work, but when something is really newsworthy, I think it’s justified.
Yesterday Mish pointed out that:
In the last year, the civilian population rose by 3,638,000. Yet the labor force only rose by 945,000. Those not in the labor force rose by 2,693,000.
In the last month, actual employment fell by 169,000, but...