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Is this how Obama is improving labor stats?

Quietman ~PWCM~JLA 2012/02/04 03:07:19
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Record 1.2 Million People Fall Out Of Labor Force In One Month,
Labor Force Participation Rate Tumbles To Fresh 30 Year Low

A month ago, we joked when we said that for Obama to get the unemployment rate
to negative by election time, all he has to do is to crush the labor force
participation rate to about 55%. Looks like the good folks at the BLS heard us:
it appears that the people not in the labor force exploded by an
unprecedented record 1.2 million. No, that's not a typo:
1.2 million people dropped out of the labor force in one month!
So as the labor force increased from 153.9 million to 154.4 million, the non
institutional population increased by 242.3 million meaning, those not in the
labor force surged from 86.7 million to 87.9 million. Which means that
the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is
seriously planning on eliminating nearly half of the available labor pool from
the unemployment calculation
. As for the quality of jobs, as
withholding taxes roll over Year over year, it can only mean that the US is
replacing high paying FIRE jobs with low paying construction and manufacturing.
So much for the improvement.

Read More: http://www.zerohedge.com/news/record-12-million-pe...

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  • Red_Horse 2012/02/08 15:48:01 (edited)
  • Andy 2012/02/04 04:20:34
    Undecided
    Andy
    +3
    You can always manipulate numbers... Obama is not beyond twisting the numbers for his benefit. Do we really know the actual numbers??
  • HoneyBadger 2012/02/04 03:51:54
    Yes
    HoneyBadger
    +3
    I'm sure there are a few nations receiving those jobs. Did he say he was improving the American labor conditions or just general employment... I mean, a globalist wouldn't necessarily have one country's best interests at heart would it?
  • HoneyBa... HoneyBa... 2012/02/04 03:52:41
    HoneyBadger
    +2
    "Austerity measures"?
  • keymanjim 2012/02/04 03:32:22
    Yes
    keymanjim
    +5
    Doesn't this put the real unemployment number at 36.3%?
  • goatman112003 2012/02/04 03:24:35
    Yes
    goatman112003
    +3
    The fix is in.
  • NPC 2012/02/04 03:10:16
    Yes
    NPC
    +4
    The soft tyranny of manipulation is standard for Serial Liars and Democrats.

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2014/07/29 20:59:31

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