As jobs become more available, people are no longer finding themselves stuck as long in unemployment.
People think unemployment is still relatively low, but there's all the difference in the world between a tight labor market and a weak one when you're talking about employees' ability to bargain for a fair share of growth.
This is a pretty negative report. The reason unemployment ticked down is the labor force contracted. That suggests fewer people are getting into the game, looking for work, and that kind of discouragement can lead to a lower unemployment rate.
It's unprecedented. There is a large and growing gap between how the economy is performing and the living standards of the people stoking the engine.
A lot of economic indicators are up. But there are a lot of people in the economy who are still down.
The consumer's been doing a fine job, but we can't keep tapping them and expect them to get us out of a jobless recovery. That's why lots of people on both sides of the aisle are asking for fiscal stimulus.
I think the fingerprints of a faltering job market are all over this report. We've got more people working, but they're failing to get ahead.
These numbers reveal a labor market that's not bouncing back quickly enough to absorb new entrants along with the people laid off during the downturn.
Enough people said exactly that ? I tend to believe them.
When income growth is concentrated at the top of the income scale, the people at the bottom have a much harder time lifting themselves out of poverty and giving their children a decent start in life.