Last month's jobs report was a head-scratcher, at least on the surface. After adding roughly 290,000 jobs, the unemployment rate actually inched up to 9.9%. The reason is actually fairly simple. The unemployment rate only captures the number of people who are active job-seekers. In a deep downturn there are many workers so discouraged by the state of the labor market that they choose not to pound the pavement in search of jobs that will never materialize. But when the economy perks up it's only natural that more of these would-be workers become active job-seekers.