Quote of the Day

The government's household survey (the one from which the unemployment rate of 10.2 percent comes) showed a "decline in employment" of 589,000 in October, which followed a 785,000 employment drop in September.

That number also includes people who say they retired and others who were fortunate enough to have died during the past month and no longer require a job. -- John Crudele, claiming the actual unemployment rate to be 22%

Hat-tip: @JimPethokoukis (you have GOT to click and see his Twitter background).

Posted by John Kranz at November 10, 2009 11:47 AM