Jobless Rate Holds Steady, Raising Hopes of Recovery

The economy in February shed 36,000 nonfarm jobs, fewer than forecast, as the unemployment rate held at 9.7 percent, the Labor Department said on Friday.

This is a miserable report. ratios have a numerator and a denominator.

People are leaving the labor force all the time. seekers over labor force with respect to time. Shrinking denominator, shrinking numerator= constant rate.