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Re: Unemployment falls to 7.5%
From Forbes about the new numbers:
"Still the economy is far from completely healed. The labor participation rate remains dismally low---remaining at 63.3% in April---at levels unseen since the 1970s, a period when an entire portion of the U.S. population (women) was less likely to work. And despite the upside surprise for the April data, the 165,000 jobs are woefully beneath the point at which the economy needs to reach to hasten the recovery. Economists say the nation must add nearly double that number, closer to 250,000 to 300,000."
There are less people participating. What does that mean? That means more people in 35 years not working or trying to find work. Guess what numbers are on the rise? More people on the government dole.
It's like a nation losing a war celebrating that only 15,000 were killed because last month 30,000 were killed.
Where are you DM?
__________________
When a newspaper posed the question, "What's Wrong with the World?" G. K. Chesterton reputedly wrote a brief letter in response: "Dear Sirs: I am. Sincerely Yours, G. K. Chesterton." That is the attitude of someone who has grasped the message of Jesus.
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