Unemployment Down, But Outlook Is Iffy
“The U.S. job market strengthened in the second half of 2011, and added 200,000 jobs in December while the unemployment rate fell to 8.5% from 8.6% a month earlier.” (USA Today)
“Indications are that the nation’s gloomy jobs picture continues to brighten, but experts disagree on two crucial points: the pace of improvement and whether the recent gain in momentum will continue through 2012.” (Washington Post)
Uncertainty bred by intervention continues to take its toll.
FEE Timely Classic
“The Ups and Downs of Unemployment” by Russell Madden
Comment by Bullseye on 6 January 2012:
Population / Employment is a better metric:
http://danieljmitchell.wordpress.com/2012/01/06/new-unemployment-numbers-are-good-news-for-the-white-house-but-the-silver-cloud-has-a-dark-lining/