Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks [5], than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."
GO HERE to see charts.
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Yet Obama and O'Malley say unemployment is down and we are creating jobs all the time. Well, we already knew they were liars so they may as well continue.
ReplyDeleteBut Obama is creating more and more jobs. Everything is good.
ReplyDeleteWe are out of the recession that DEMOCRATS created.
No wait! The economy is worse!