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There are more people out of work that quit looking than anytime in the last 38 years. Almost half the working age population is not working. How hard is that to understand? |
The funny thing is that the Obama administration says that the unemployment rate actually went down last month.
Almost every month since Obama has been in the White House, large numbers of Americans that have been unemployed for a very long time are shifted from the “unemployment” category to the “not in the labor force” category. This has resulted in a steadily falling “unemployment rate” even though the percentage of the population that is actually working has not changed very much at all since the depths of the last recession. In May, 59,000 full-time jobs were lost, but 118,000 part-time jobs were gained. |
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