Excessive Spending - Jobless Rate or Jobless?

WRAPUP 3-U.S. January jobless rate drops to 4-1/2 year low
Fri Feb 3, 2006 1:04 PM ET

The jobless rate "is probably at or slightly below the level the Fed is thinking is full employment, so it will strengthen their resolve to lean against inflation pressures," said economist Elisabeth Denison of Dresdner Kleinwort Wasserstein in New York. "We expect another quarter-point hike in March."

I just discovered that Michigan is now considered part of Canada for purposes of Jobless Rate statistics.

January 18, 2006 – Michigan’s seasonally adjusted unemployment rate in December edged-upward by one-tenth of a percentage point to 6.7 percent, according to data released by the Michigan Department of Labor & Economic Growth (DLEG). The annual unemployment rate for 2005 showed a decline of three-tenths of a percentage point from the 2004 annual rate.