Unemployment Rate Drops to 9%

Jobs are being created, which is much better than the alternative, but still not enough to cope with population growth, let alone to spearhead a true recovery. The dip in the unemployment number has more to do with the way in which it is calculated than any improvement it may imply.

http://money.cnn.com/2011/11/04/news/economy/jobs_report_unemployment

"American employers reported slower hiring last month, but a falling unemployment rate showed the job market may actually be gaining strength.

Employers added 80,000 jobs in October, the Labor Department reported Friday, marking a sharp slowdown from hiring in September and August. Government figures from those months were both revised significantly higher.

But a separate part of the data shows fewer Americans are unemployed. The unemployment rate fell to 9% in October, down from 9.1% the month before, and the lowest rate since April."

To put this in the contexts of the last two years; after rising to %9.5, 'fake' falling to %9.4, rising to %9.7, and then rising again to 9.8%, and rising again to 10.2%, dropping to 10%, held steady, dropping to 9.7%, held steady, held steady again, increased to 9.9%, dropped to 9.7%, fell to 9.5%, holding steady, rising a tick to 9.6%, held steady, held steady again, increased to 9.8%, 'fake' falling to 9.4%, 'fake fallen' again to 9%, dropped to 8.9%, falling again to 8.8%, rose to %9, rose to %9.1, rose again to 9.2%, fell to 9.1%, held steady at 9.1%, remained 9.1%, and has now dropped to 9%.