Guest Post: Our "Let's Pretend" Economy: Let's Pretend "Job Growth Is Best Since 2006"
Submitted by Tyler Durden on 03/09/2012 14:12 -0500
Over the past six months, the number of people who are employed has risen by 2.3 million — an average of 385,000 per month. That’s the best growth since early 2000, when the dot-com bubble was in full flower.
Since August, the unemployment rate has fallen by 0.8 of a percentage points, to 8.3%. For adults over 25, the jobless rate has fallen to 7%.