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Friday, May 10, 2013

Employment rate is down. Unemployment rate is down (again)

What?  Yes, there are lies, damn lies and politicians with statistics. 

The official unemployment rate is down again.  Doesn't that mean everything is just rosy and the recovery is steaming along? Nope.  How I wish things were getting better, but they aren't.  Obama's labor statistics paint a pink picture on economic failure.

Fewer people are participating in the labor force than any time in the last ten years.  The unemployment rate is calculated on how many people the government says are seeking work.  Those who permanently dropped out of the labor force drop out of the unemployment statistic as well.

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Labor force participation rate from the Bureau of Labor Statistics

Download the data as an file.


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