Claire Moore

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  • In this Jan. 28, 2012 photo. job seekers Cameo Taylor, left, and Angelique McGuire, center, both of San Francisco, wait in line to register at a Career Fair event in San Francisco. The number of people seeking unemployment aid fell last week, a sign that companies are cutting fewer jobs and likely stepping up hiring. (AP Photo/Eric Risberg)

    Jobless rate has fallen because of dropouts

    The big drop in the unemployment rate in recent months came at a fortunate time for President Obama, but economists say it as much because of young people dropping out of the labor market as it is the result of businesses adding jobs.

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