On Saturday, President Obama launched his campaign by telling Americans not to ask if they are better off than they were four years ago, but how they’ll be tomorrow. This follows a jobs report that found more than 340,000 Americans dropping out of the labor force and an unemployment rate that remains unacceptably high.
This is the real story behind the unemployment numbers.
In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
Mitt Romney and the Republicans have to get the American people to understand the truth behind the unemployment numbers.
Obama should be ashamed for touting an improvement in the economy without acknowledging the truth about labor force participation.
The Obama economy is a disaster.
2 comments:
Does the same go for Walker? If not (which I'm guessing is your answer), how is it any different?
Screwing with numbers, with the intent to deceive, is wrong. Period.
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