Relevant:
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- Disappearing US labor force and goodbye to retirement -- Adding 146,000 jobs while 542,000 drop out of the labor force. Understanding the changes in the unemployment rate.
- Strong jobs report has Fed on track to taper stimulus, analysts say
- Lower Jobless Claims Don't Point to Robust Labor Market
- 3.1 Million Workers Join Disability Ranks Vs. 2.6 Million That Got Jobs In Obama 'Recovery'
2012-10-11 — wsj.com
These three statistics--the labor-force participation rate, the growth in government workers, and overall job growth, all multidecade records achieved over the past two months--have to raise some eyebrows. There were no economists, liberal or conservative, predicting that unemployment in September would drop below 8%.
...
I sat through business reviews of a dozen companies last week as part of my work in the private sector, and not one reported better results in the third quarter compared with the second quarter. Several stayed about the same, the rest were down slightly.
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