Swimming with the Razorfishes

Friday, September 03, 2004

According to the Labor Department, the slight reduction in the unemployment rate is not solely due to new jobs but also because an increasing number of out-of-work Americans are leaving the civilian work force. "The jobless rate edged down primarily because 152,000 people dropped out of the labor force," says [Wells Fargo economist Sung Won] Sohn, adding that this is "not an encouraging sign."

Via U.S. News and World Report.

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