At Some Point ....

The approaching $15 trillion debt milestone is not even the only piece of bad economic news for the country. The jobs report for October – released this morning – showed that U.S. employers added an estimated 80,000 jobs to their payrolls last month, worse than economists expected. The unemployment rate decreased to 9.0 percent, down from 9.1 percent a month earlier, small consolation for a nation still struggling to recover from a severe recession.

Earlier today it was reported that the rate ticked down (from 9.1 to 9.0) because more folks found jobs. The numbers don't add up. The rate ticked down because fewer people said they were looking for jobs. They've given up and as we approach the holidays, who wants to be looking for jobs that don't exist? Except in North Dakota. The unemployment rate in Williston is 0.9 percent. No doubt that is a record.