The economy continues to struggle—Obama just shrugs it off

I talked to a friend today heading for his son’s graduation—majors are math and piano performance. “Does he have a job?” I asked. “No, he’ll go to grad school.” Meanwhile his parents are paying for him to go to China for a month to travel. I don’t know how students are counted in labor force stats, and labor force participation is the lowest it has been since 1981—63.6% civilian labor force participation.  It probably helps the statistics to keep them in school as long as possible.