The Unemployment Rate Dropped In September — But The Reason Why Is Far From Encouraging
The unemployment rate ticked slightly down in September thanks in large part to more people leaving the workforce, an indicator of coming economic trouble, experts say.
Unemployment fell to 3.5% in September, down 0.2% from August, as 57,000 people left the labor force, edging participation down to 62.3% from 62.4% in August, according to data from the Bureau of Labor Statistics (BLS).
“While we love to see the former, the latter is a negative indicator,” said Heritage Foundation economist E.J. Antoni, speaking with the Daily Caller News Foundation. Antoni said...