Economy Discussion on WCAP

For John, BLUF:  The number of people actually holding a job in our Commnwealth is again going down.  Nothing to see here; just move along.

On WCAP this fternoon Ryan Johnston is talking sense about the economy and "the numbers".  He gets beyond the unemployment number to talk about changes in the workforce, both those entering and those leaving, because they are discouraged.  He makes the good point that the unemployment rate may go up as the economy turns around, as previously discouraged workers re-enter the work force.  Sadly, that situation does not explain our current increase in the jobless rate.

Regards  —  Cliff