Mixed Message on Unemployment

This morning's unemployment report form the BLS has mixed messages. While the unemployment rate dropped to 9.7%, at the same time, 1.1 million Americans stopped looking for work because they were so discouraged, so they were no longer counted! Stocked erased most of the overnight lows, with the equivalent Dow level being below the 10,000 level, but the mixed message has prevented stocks from rising also.