And you trust Obama Labor Dept? Even if it is true, this does not count the underemployed and discouraged citizens - taken into acct the real figure is ~17.5%. Also, remember that unemployment statistics are always lagging indicators. My biggest fear is a Q1 2011 double dip.

^The fact that its a lagging indicator indicates that things are getting better. A double dip would require inflation to rise and the fed to raise rates, which it isn't or for government to pull back in spending, which it isn't going to do, basically as long as the gov money keeps flowing there is time for the economy to heal.

Part of the reason unemployment went down is because figures from October and September were revised to show fewer job losses.

Also Halogamer, that's not true, it fell from 17.5% to 17.2%, so its not just people not being counted, the actual unemployment rate fell

The fed is going to have to raise rates which I am sure they will given the reassurance of a promised recovery. Also, you don't think inflation is rising? FGold is @ $1161 an once. I think that should be one indicator.

The figures will go back up when the new hires (seasonals) will be laid off in January.

^Consumer prices are pretty steady only .3% rise in October, gold's rise is likely a bubble, I expect it to fall a lot in the next year.

We'll have to see how the jobs market responds in after the holidays, my guess is the layoffs will be smaller than you expect

Well only time will tell. I see it as a bubble as well but it will be a small dropoff, imo.