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The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back in March 2010.
In addition, as you will see below, there are now more than 101 million working age Americans that do not have a job. But even though the employment level in the United States has consistently remained very low over the past three years, the Obama administration keeps telling us that unemployment is actually going down.
In fact, they tell us that the unemployment rate has declined from a peak of 10.0% all the way down to 7.6%.
And they tell us that in March the unemployment rate fell by 0.1% even though only 88,000 jobs were added to the U.S. economy.
But it takes at least 125,000 new jobs a month just to keep up with population growth.
So how in the world are they coming up with these numbers?
Well, the reality is that the entire decline in the unemployment rate over the past three years can be accounted for by the reduction in size of the labor force.
In other words, the Obama administration is getting unemployment to go down by pretending that millions upon millions of unemployed Americans simply do not want jobs anymore.
The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back in March 2010.
In addition, as you will see below, there are now more than 101 million working age Americans that do not have a job. But even though the employment level in the United States has consistently remained very low over the past three years, the Obama administration keeps telling us that unemployment is actually going down.
In fact, they tell us that the unemployment rate has declined from a peak of 10.0% all the way down to 7.6%.
And they tell us that in March the unemployment rate fell by 0.1% even though only 88,000 jobs were added to the U.S. economy.
But it takes at least 125,000 new jobs a month just to keep up with population growth.
So how in the world are they coming up with these numbers?
Well, the reality is that the entire decline in the unemployment rate over the past three years can be accounted for by the reduction in size of the labor force.
In other words, the Obama administration is getting unemployment to go down by pretending that millions upon millions of unemployed Americans simply do not want jobs anymore.
The percentage of employed Americans between the ages of 25 - 54 dropped again last month and is now at its lowest point since 1984.
How does a recovery see a continual decline in the percentage of working age Americans with jobs? 70% increase in Americans on food stamps up to 48 Million? Less income per average household? More in poverty? More Americans overall on government assistance?
"Even Americans of prime working age — 25 to 54 years old — are dropping out of the workforce. Their participation rate fell to 81.1 percent last month, tied with November for the lowest since December 1984."
MTA will be here shortly to clear things up for you and to tell you how great a job Obama is doing despite all those boulders being rolled in front of him by those evil Republicans.
Exactly...if 500,000 Americans are forced off of unemployment benefits and still do not have a job...the government simply does not count them as unemployed.
Unemployment has dropped in large part from unemployed people having their unemployment benefits expire...and if you voted for the guy in power you cheer like a mindless buffoon over the "math."
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