The unemployment rate ticked up to 7.9% due to 169,000 Americans giving up on trying to find a job.
In fact, the only reason the unemployment rate is as low as it is, and doesn’t rise faster than it does, is because a sufficient number of Americans report that they have stopped looking for a job, and so are not counted in the official unemployment rate every month.
In fact, if the participation rate (everybody who can work and wants to work) was the same today as when Obama took office, the unemployment rate would be above 10%.
The Government – Lying To Us Daily
Categories: Government Tyranny, Headlines, Unemployment & Labor Law
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