Jobs Report Shows 'Ongoing Disaster'

Jobs Report Shows 'Ongoing Disaster'

There are 1 comment on the The Huffington Post story from May 3, 2013, titled Jobs Report Shows 'Ongoing Disaster'. In it, The Huffington Post reports that:

The U.S. Labor Department announced Friday morning that the economy has been steadily adding jobs, pushing the unemployment rate down to 7.5 percent from 7.6 percent.

Join the discussion below, or Read more at The Huffington Post.


Tampa, FL

#1 May 5, 2013
A critical piece of DATA in comprehending the job report numbers:

This link to the Bureau of Labor Statistics gives a telling graph of the LABOR PARICIPATION RATE in the past ten years.

When Obama became President in Jan 2009, the LABOR PARTICIPATION RATE was 65.7%.

In April of 2013, the LABOR PARTICIPATION RATE is down to 63.3%. A drop of 2.5%!!
What this means is that there are MILLIONS of unemployed Americans, between the ages of 16-64 years of age that were counted as unemployed when Obama took office, which now, are NO LONGER counted, as a percentage, like, they were under Bush.

This reduction in the LABOR FORCE PARTICIPATION masks the failure of the Obama policies with regard to the unemployment rate.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

West Union Discussions

Title Updated Last By Comments
News Rotting bananas hung from African-American bann... Apr 27 Don Barros Serrano 22
Review: Hair Expressions Styling Salon (Apr '15) Apr 14 Didi 2
News Family of teen shot by cop settles lawsuit for ... Apr 14 Go Blue Forever 4
News New mountain biking, hiking trail planned for U... Apr 14 Zack 5
News Man facing 20 charges on run after removing ank... Apr 14 Alhi 3
News Beekeepers Association meets May 3 Apr 14 Lucy 1
News 10 ideas for higher education in South Carolina Apr 14 Lucy Jane Ann 1
More from around the web

Personal Finance

West Union Mortgages