The Hill News

Obama, Democrats and The Washington Post will be highlighting the headline that the unemployment rate dropped to 9.4 percent in December, and it is certainly good news that the economy created 297,000 new jobs for the month.

However, what isn’t being reported as widely is that a majority of the .4 percent unemployment rate drop can be credited to the 434,000 people who left the workforce in December. If the number of people in the workforce had remained unchanged, the rate would have dropped, but by a much more modest .2 percent.

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