Here is an example of Rogue Scholar's logic:Here is an example of Libtaridan Logic. When Obama became president four years ago the unemployment rate was ...... 7.8% and the current unemployment rate is also ..... 7.8%. To a Libtard, that means the same number of people are employed but that is not what the unemployed rate says. That rate is the percentage of people still looking for a job.
Now there is a better indicator and that is the Labor Participation Rate which was 65.7% four years ago but has dropped to 63.6% and that mean 6.5 Million MORE Americans are unemployed than when Obama entered the White House and that is BAD.
Yep, the real unemployment rate is not the U-3 Unemployed rate but the U-6 Unemployment Rate which is .... 14.4% or 23 MILLION AMERICAN OUT OF WORK!!! Shame on Obama!!!!
Unemployment rate for January 2009: 7.8%
Unemployment rate for January 2013: 7.8%
His conclusion: More Americans are unemployed now (January 2013) then in January 2009.
Why he is wrong:
U.S. Population for January 2009: 305 million
U.S. Population for January 2013: 315 million
The U.S. added 10 MILLION people to the population. As such, even though the U.S. has increased in population by 10 MIILLION the rate of unemployment hasn't increased proportionally to reflect the increase of the population by 3.27%
In conclusion, the rate of unemployment has in fact DECLINED despite the increase of 3.27% of the U.S. population in four years.