“The part that is a little less positive is this apparently wonderful story on the unemployment rate,” added North. “If you look at the changes in the labor force there are 700,000 more unemployed, in other words the labor force shrunk because more people left.” This is why the unemployment rate should be taken with a grain of salt, he says,
http://www.forbes.com/sites/samantha...t-down-to-6-3/