Where Have All the Job-Seekers Gone?

The little good news in today’s employment reports wasn’t so good after all. The unemployment rate fell to 4.8% in February from 4.9% largely because of workers giving up hope and ending their job searches.
The Labor Department said 450,000 left the labor force last month, outweighing an employment decline of 255,000 (to 146 million) in the number of people employed. The figures are tallied from a government survey of households; a separate poll of employers provides the payroll data, which showed the second straight decline in jobs.
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Original Source

  7 March, 2008| Economy | @ 21:35

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