Here's The Most Bizarre Number From Today's Dismal Jobs Report


Photo: Photo: procsilas (Flickr)

So despite the weak headline jobs-created number, the unemployment rate fell pretty markedly to 9.4%.The easy answer there is that, well, unemployment is a function, also, of the size of the labour force, and it could reflect people dropping out of the work force.

And yet, that’s not obviously what’s going on.

The weirdest thing is that U-6 — so-called “real” unemployment — fell pretty sharply to 16.7% from 17.0%. So that’s not the issues.

Anyway, stocks are down, but really not by that much. Perhaps the market smells a rat.

Click here for more December jobs report details >

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