Unemployment down?

This has only an indirect relation to money, but it is WHY we all work, and HOW we get our money, so it's important to follow.

Here's the headlines today...

JOBLESS RATE DROPS TO 8.6%

http://finance.yahoo.com/news/jobless-rate-drops-8-6-133402269.html

http://www.marketwatch.com/story/us-jobless-rate-falls-to-86120000-jobs-added-2011-12-02

We can all bask in the glory of an economy getting better!  Hooray!  Markets are all up this morning.  Everything is great again.

Well, not quite.  The BLS numbers mean very little.  These are the charts and numbers you want to look at, not the headline unemployment rate. So you can ignore everything you hear about unemployment on TV, newspapers, news sites. 

You just need to know it's not good, and it's not getting better.  And when a bunch of people you know are still out of work, or can't find a job, or a good job, you can think about these charts and understand why what you hear in the headlines doesn't match what you see in reality.

 




All courtesy of...
http://www.zerohedge.com/news/key-charts-nfp-report-records-jobless-duration-and-people-who-want-job-civilian-labor-force-plu

So until these charts change, don't expect anything else to significantly change out there.