US unemployment falls to 7 pct. on 203K jobs added

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    Dec. 6, 2013 7:08 a.m.

    Yet usually buried in these employment reports are bad signs like more people dropping out of the labor market, having given up looking for work entirely. This makes the total employment rate lower than it seems when the official rate is only at the rate of those who have jobs out of those who have them plus those who are looking. Meaning there aren't as many jobs in the US as there used to be, but we don't count people who have given up looking for work in the official numbers. Anyway, it would be nice to see detailed reports that cover more than just the superficial numbers.