"Despite the unemployment rate plummeting, more than 92 million Americans remain out of the labor force.Obama is gleeful.
The unemployment rate dropped to 6.3 percent in April from 6.7 percent in March, the lowest it has been since September 2008 when it was 6.1 percent. The sharp drop, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a job as unemployed.
The bureau noted that the civilian labor force dropped by 806,000 last month, following an increase of 503,000 in March."
Friday, May 02, 2014
Economy
Economy adds 288,000 jobs in April, and unemployment fall to 6.3 percent, but only because so many people dropped out of the workforce than labor participation rate fell to lowest since 1978. Obama and the Fed are literally killing our economy, just as Obama planned. More.
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