First, the latest update to the stimulus failure graph:
The unemployment rate without the shrinkage in the percentage of adults in the labor force, even after considering people who retired of their own accord and not because the economy left them with retirement as the only plausible option, is surely still in double digits.
Commentary/analysis (others may be added this evening):
- Pethokoukis: “Weak January jobs report shows why Obama doesn’t want to talk about jobs anymore”
- Noel Sheppard at NewsBusters: “8.5 Million Americans Left Labor Force In Obama’s First Term”
- LA Times — “Recession Fears Ease”