Economy

Another weak jobs report, much lower than expectations.

"Still, despite the slow drop in unemployment, the overall labor-participation rate remains at its lowest levels in almost four decades. It improved slightly to 63 percent in January, up from a historic low of 62.8 percent in the past two months, but the percent of Americans working today remains at a level not seen since Jimmy Carter was president.
Indeed, the overall size of the labor force is virtually unchanged since October 2008, the last time unemployment stood at about 6.5 percent – even though the nation’s population has increased by nearly 12 million in the past five years."

Ouch.

Drudge reports, "Unemployment falls to five year low on weak jobs report..." Sounds fishy. Despite the jobs disaster, the Dow rose today too. What a fraud.

Google overtakes Exxon as second largest US company behind Apple.