James Pethokoukis

Politics and policy from inside Washington

What the December jobs report means

January 8, 2010

I think the “jobless recovery” meme stays firmly in place. Beyond the 85k jobs loss was the sharp drop in the labor force participation rate. If another 600k+ workers had not dropped out of workforce, unemployment rate would have been 10.4 percent. Here is what I have tweeting on the subject this AM:

tweets010810

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