Bad News/Good News on Jobs

Bad News/Good News on Jobs by MSW.  MGB: I suspect that a whole lot of recent graduates are going to grad school and gave up looking for work in August.  That drives down both Unemployment and the size of the labor force.  For the future, it is not a bad thing that people are doing this.  Indeed, its a good thing.  My brother in law is going, as is my former house mate, just to name two (and they aren't even recent undergrads).