Unemployment Rate Down To 9.1%

NFP Prints At 117K, Beats Expectations Of 85K, Unemployment Rate Down To 9.1%

At this rate it won't be long before the unemployment rate and the participation rate both hit zero. I would go into a long rant about lies and damned lies, and about the particular problems with the calculation of the unemployment numbers, but I don't have the time now.

For a good overview go here:

Shadowstats - Employment and Unemployment

And some additional color on the Birth/Death model (which only seems to get revised downward) from Mish:

Birth/Death Model