Jumat, 04 Mei 2012

It�s the Labor Participation Rate, Stupid!: People not in Labor Force soar by Half Million under Obama

In the coming months I can practically guarantee that the Obama-suck media will report that the unemployment rate is dropping month after month and that Obama�s economic policies are finally taking effect.

Don�t believe the Obama-mainia hype!

The only way the unemployment rate is going down is by not counting the actual number of unemployed workers either because they stopped looking, ot some other statistical offset that allows the Labor Dept not to count them. It�s all a bunch of straight deceitful reporting from the very media that loves Obama no matter how bad his policies are hurting the country.

Zero Hedge reports it is just getting sad now. 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%.

Labor force participation Rate:

More here

Check out my friend Left Coast Rebel for his take.

The Last Tradition is fast becoming one of the most noted political blogs on the net. Don�t miss out on the fun and tell a friend.

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