However, the news isn't as good as it seems. as CNBC tells us.
Also, the drop in the unemployment rate appeared to reflect little more than a continued exodus of workers from the labor force.Technorati tags: Obama Barack Obama economy news jobs politics government unemployment
The labor force participation rate, already around 30-year lows, fell further in the month to 63.6 percent. That represented 350,000 fewer workers.
In all, there were a net 122,000 fewer people with jobs.
An alternative measure of unemployment, which counts those who have given up looking for jobs as well as those working part-time for economic reasons, also edged lower to 14.4 percent.
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