The labour force shrank by 264,000, which is the only reason the rate could fall at all.
Weekly Review
Failures and takeovers cut the American listed universe roughly in half between 1996 and 2012.
Deep Dive
American exports to Iran went from $3.7 billion to $23 million in a single year.
A contracted floor turns a cyclical miner into a borrower that banks will finance for a full decade.
Every financing round issues new shares, and each one reduces the fraction of the asset you already hold.
Equipment ages at a physical rate, while the schedule that writes it down is set by management.
The gap between two giants reporting in the same week is the real story of this earnings season.
A record year of mining changes the total supply by less than most currencies change in a quarter.
