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More on Nonfarm Payrolls: June's job gains are revised down as well, putting the 2-month...
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Friday, September 7, 2012, 8:38 AM ETMore on Nonfarm Payrolls: June's job gains are revised down as well, putting the 2-month negative revision to -41K. Labor force participation rate falls to 63.5% from 63.7% in July (there's your headline UE decline), and from 64.1% a year ago. Average workweek is unchanged at 34.4 hours. July's average workweek is revised down to 34.4 hours.
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Slogan needs to be changed to "Just Give Up"
So in theory, we can drive this rate way down by killing/crushing the hopes of the currently unemployed.