The headline unemployment rate fell to 6.7%, the lowest level in five years. But the rate fell primarily because hundreds of thousands of people left the workforce unable to find jobs, according to figures released Friday by the U.S. Department of Labor.
Economists had predicted 196,000 new jobs last month and that the rate would remain unchanged at 7%http://fm.cnbc.com/applications/cnbc.com/resources/files/2013/11/08/unemployment-rate-vs-labor-force.jpg
The Bureau of Labor Statistics shows 91,521,000 people
not in the work force as of November 2013, as compared to 89,221,000 in
November 2012. Where did the 2,300,000 workers go? Who needs to be told they
are unemployed? Watch government TV adds tell us to sign up for Obama Care.
CNN Money:
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