Quick Friday note on today’s good news that the unemployment rate in the U.S. is below 8 percent for the first time in quite awhile. According to the New York Times:

The unemployment rate fell because more people were working, not because discouraged job seekers stopped looking, the numbers showed. Adding to the positive news, job gains were revised upward by 40,000 for July (to 181,000) and by 46,000 for August (to 142,000), casting a slightly rosier light on what had been perceived as a summer slump.

Then there’s this according to former General Electric CEO Jack Welch: [Read more…]