This is a weak economic recovery in the US. If you dig deeper into the data you will find that the improvement in US unemployment is due to an insidious decline in the participation rate over several years. This means that a reduction in unemployment won't lead to a normal improvement in economic growth because lower unemployment is not leading to higher consumption.

So it will be another MJ song those US pollies should be singing "Don't Stop Till You Get Enough" ... or in other words unemployment will have to drop alot more than it has been even below 6.5% and don't stop there keeping going to 6% and below. Remember, Don't Stop Till You Get Enough!"

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