by Michael Lowrey
Was going to write something about the slight drop in the state’s unemployment rate, which came about from a drop in the size of the labor force. But, alas, JLF head John Hood beat me to it. The bad news:
In short, there has been essentially no recovery in our state’s labor market. A tiny net job gain has been offset by increases in working-age population. Recent declines in the U-3 rate primarily reflect worker discouragement, not reemployment.