Unemployment Rate Aug decline due to 150000 giving up looking for job

[papau]

and this is a good?

:-(

http://www.nytimes.com/2004/09/03/business/03CND-JOBS.html?hp

U.S. Economy Added 144,000 Jobs in August
By EDMUND L. ANDREWS

<snip>The total number of unemployed people remained almost unchanged in August, at eight million, the Labor Department said. The unemployment rate declined, but that was primarily because more than 150,000 dropped out of the labor force in August. Average hourly wages edged up 5 cents, to $15.77. The index of aggregate weekly hours of work crept up by .2 percent.<snip>

[Leilani]

1. CNN just reported on jobs created

Majority are service sector, including hotels & restaurants.

2nd largest includes government jobs. (That means Pentagon & Iraq War)

Face it folks, we got us a McDonald s economy, & people are falling further & further behind.

[Zynx]

2. Wages aren't keeping up with inflation.