Paradoxically, the more unemployed people who quit looking for work, the lower the official government unemployment rate.
Here, then, is the historic trend of the LFPR since Barack Obama took office. See if you notice a trend.
Labor Force Participation Rate since January, 2009 |
And this is why the unemployment rate under Barack Obama has managed to stay under ten percent, despite there being ten million more Americans without jobs than when he took office. (Today's false number, 6.6%)
2 comments:
I agree fully.
BF
WK,
Soon, Obama will be the only one employed, and we will have a 0% unemployment rate.
Won't that be a happy day?
BF
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