I agree with the editors of Saturday's Wall Street Journal who argued that resorting to conspiracies to explain the drop in the Unemployment Rate detracts from the issue at hand: The job market is a bloody mess even with the numbers given. Here are some examples:● The 7.8% UR is as bad as January 2009 when we were deep in the "worst recession since the great depression." How is this good news?● In September 2008, exactly four years ago, the UR was at 6.1%. At the time we were headed downhill, but if after three years into a "recovery" and "heading in the right direction" we are worse off than deep into "The Bush Recession", then it's time for new policies.● Obama noted Friday that "more people entered the workforce" in September. If he is aware of the workforce size, then he perhaps also knows that 1.1 million left the workforce since January, giving us a rate of 7.8% instead of 8.3%.● If millions had left the workforce during the final Bush months at the...(Read Full Post)