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The Fed

Economics/Politics

Work Force Participation Down Along With Unemployment

The latest jobs report is out for November 2016 and the media is in a frenzy over the fact that the unemployment rate has fallen to a nine year low at 4.6%. However, as anyone who has a passing familiarity with the voodoo science of statistics will tell you, numbers can be made to dance to any tune you wish and, contrary to popular opinion, they often lie. And while a 4.6% unemployment rate seems at face value to be great news for the economy, it is unwise to take anything from the government at face value and that holds… Keep Reading

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