Jobless Number Deceiving

The Atlanta Journal-Constitution:

The résumés that go nowhere. The five-minute job interviews that feel so perfunctory. And finally, the despairing decision to stop trying anymore to find a job.

Paradoxically, experts say these are among the factors that drove the country’s unemployment rate down in December. The figures released Friday showed a national jobless rate of 9.4 percent, down from 9.8 percent in November.
That report, encouraging on its face, also reflects the deep discouragement that afflicts America’s jobless, because people who have given up looking for work are no longer counted as unemployed....read more