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Economy on the right track?

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Labor department released today information stating that the unemployment rate fell from 9.7% to 9.5%.

Good news, right?

Well - quoted from an MSNBC news article -

“The unemployment rate dropped from 9.7 percent to 9.5 percent, the lowest level since July 2009. But it fell because 652,000 people gave up on their job searches and left the labor force. People who are no longer looking for work aren’t counted as unemployed.”

I wonder how much of that you will actually hear listening to the mainstream news. I suspect an emphasis will be placed on the unemployment rate dropping – without a thorough explanation as to what caused it.

Obama – Biden: How is that stimulus plan working out for ya?

This economy is NOT on the right track by any stretch of the imagination.

Rourke

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