Sunday, December 4, 2011

Obama "Recovery": unemployment rate "falls" -- because work force shrinks

By Celia Bigelow on December 02, 2011
Before President Obama and Washington rejoice over the newly announced decrease in the unemployment rate they need to face a harsh reality: America is still not gaining jobs.
In fact, the main reason unemployment “fell” is because the workforce has shrunk.
The Bureau of labor statistics reported this morning that the unemployment rate fell by 0.4% to 8.6%—what the Obama Administration would call a success. However, one key fact was left out of this report: the work force has decreased immensely since President Obama has taken office.
Those who have given up looking for jobs are not included in unemployment statistics.
“We lost the equivalent of the entire city of Pittsburgh, PA in the labor force last month alone. This is unacceptable,” Reince Preibus, Chairman of the Republican National Committee, announced via twitter.

Just the cold hard truth....wake up people!

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