This time it's a total joke. The gov't "Removed" 500,000 from the labor force to make the unemployment rate go down. They report it as "480,000 left the labor force". If you're actually interested in the details, the attached link explains why we don't have a clue how many people are unemployed. "If you look at the average labor force growth from 1948 to 2007 of 1,579,000 the labor force should have expanded by 6,316,000 2008-2011. Instead the labor force expanded by a mere 38,000! Those who think the economy is improving based on the falling unemployment rate are looking at a statistical mirage based on an extremely atypical and prolonged drop in the labor force." Mish's Global Economic Trend Analysis: Charts of the Day: Labor Force and Unemployment Rate Adjusted for Population Growth Since 1948 Show Falling Unemployment Rate is "Statistical Mirage"