Unemployment rate falls, but so does Labor Force again

The latest Labor figures for Catawba County February were released today by the St. Louis Federal Reserve and the Bureau of Statistics:

Unemployment fell from 7.6% to 7.2%

2014-02: 7.2
2014-01: 7.6
2013-12: 7.3
2013-11: 7.8
2013-10: 8.6


The Civilian Labor force fell by 767 people, which is 1% (0.01062)of the Labor Force dropped away.

2014-02: 71.406
2014-01: 72.173
2013-12: 70.419
2013-11: 71.484
2013-10: 71.396

(Hound Note - OK, sounds good that unemployment fell by .4% in February until we look at the fact that the Labor force shrunk at 2.23 times that rate. Upon further statistical analysis, we see that 344 fewer people were Unemployed compared to the 767 that left the workforce.)