Hope and change!

Via Zero Hedge:

There are job numbers, and then there are job numbers which make sense in the context of a US population that keeps rising.

By now the trick of lowering the unemployment rate courtesy of a “collapsing” labor force participation rate is known by all. As we showed earlier, the LFP, despite posting a tiny 0.1% uptick in May, was still at 30 year lows. [...]

So how does the narrow unemployment rate (U-3, not to be confused with the wider, Underemployment U-6 rate) look if one applies a longer-term average Labor Force Participation rate of 65.8%?

In a word: not pretty. As of May, assuming realistic LFP assumptions, the real U-3 unemployment rate should have been not 7.6% but 11.3%.

Keep reading…http://weaselzippers.us/2013/06/07/real-...ment-rate-11-3/

But the Dow is doing GREAT so we don't need to worry anything about people having jobs or the like.

The only reason they allowed the tiny uptick to print was to quiet the murmurs that Ben may pull back on his easing.