Thursday, May 09, 2013
Making Work Not Pay - WSJ.com
This is from from a recent Wall Street Journal article:
"The unemployment rate fell to a new four-year low of 7.6%, from 7.7% in February. Good news, except the main reason for the decline was that nearly half a million Americans (496,000) left the civilian labor force. They retired, quit working, went back to school or gave up looking for work. The economy created a net 88,000 new jobs, 95,000 in private business. This means that for every unemployed American who found a job in March, about five left the labor force."
