Last Friday, the Bureau of Labor Statistics reported that the unemployment rate for the United States fell from 9 percent in October to 8.6 percent in November and that nonfarm employment rose by 120,000 workers. This sounds sensible: unemployment fell and employment rose.
But consider this: On Nov. 17, the Minnesota Department of Employment and Economic Development announced that Minnesota's unemployment rate fell from 6.9 percent in September to 6.4 percent in October while employment decreased by 6,100 jobs.
MinnPost - Macro, Micro, Minnesota: Why falling unemployment doesn't always mean rising employment
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