On Friday, the unemployment rate edged down to 9.1 percent and the Labor Department reported a net gain of 117,000 new jobs in July. However, the number of people giving up on the job search is growing even faster. So how should we read these latest numbers? And what would be the right and wrong ways for President Obama to encourage job creation? We ask Diana Furchtgott-Roth, chief economist for the Department of Labor under President George W. Bush.