Which story is better reporting?
It's too early to bust out the champagne though. The unemployment rate fell for two reasons: yes, more Americans got jobs, but at the same time, even more people gave up on their job searches altogether.
In either case I think to be qualified as unemployed you have to file for unemployment is a stupid criteria and does not paint an accurate picture of our dire straits.The Labor Department said Friday that employers added 120,000 jobs last month. With that, the unemployment rate dropped to the lowest level in more than two and a half years. But a key reason for the sharp drop was that about 315,000 people had stopped looking for work -- for the Labor Department's purposes, they were not counted as unemployed.