May 4, 2012
On the dropping of the “official” level of unemployment to 8.1%…
Barack Obama has decided that the only way to lower the unemployment rate is to kill off jobs. The unemployment rate went down one-tenth of a percent from 8.2 to 8.1 percent, but the number of people who left the labor force is at an all-time high. It’s over 88 million Americans not working. The Labor Force Participation Rate – that is, the universe of all jobs available – is skyrocketing upward, and that means fewer people are counted in the equation, which means the unemployment rate is plummeting… we’re not moving in the right direction. It is sick, folks… it’s just unacceptable, what has happened to this country, what is happening to the jobs in the entire private sector here.