The unemployment rate has been falling lately in Los Angeles County, but not for the right reasons.
Last month, the jobless rate for the county fell to 11%, down from 12.4% a year earlier.
While that's far higher than the 8.1% unemployment rate for the nation as a whole, it nevertheless seems to show progress for the City of Angels... right?
Wrong. In Los Angeles, the falling unemployment rate is slightly misleading, just as it has been for the country overall.
Read more at CNN Money
