Friday, May 4, 2012

The Shaky Labor Market; Farcebook IPO Reflections; Gold at a Record


Labor Market Friday
What a pile of steaming…. well, never mind. Headline unemployment managed to slip to 8.1% in April while in a separate report, non-farm payrolls rose by a smaller than expected 115,000. Again, you need to dig deeper to see some reality. Here’s an example in today’s labor department data dump: people not in the labor force rose by 522,000 from 87,897,000 to a record 88,419,000. How does the unemployment rate manage to fall...

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