368,000 people stopped looking for work... [View all]

[cynatnite]

The unemployment rate fell largely because 368,000 people stopped looking for work, many of them young people. Just 63.5% of the working-age population was either employed or actively looking for work -- a 30-year low.

"These numbers are not very strong," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank. "The job market is improving, but only gradually."

http://money.cnn.com/2012/09/07/news/economy/august-jobs-report/index.html

That's why today's numbers were not good news. I don't think they were overly bad, but this did not help.

on edit: Call me a debbie downer if you want. I don't think this hurts Obama's chances.