Obama fail! Civilian labor force participation hits a 30 year low

obama-joker-failAfter yet another crappy jobs report, the Obama regime still managed to lower to reported jobless rate. They are able to fudge the numbers because no one in the pink slime media bothers to call them out. They do it by not counting people who are so discouraged, that they just completely drop out of the workforce completely and go on the government dole. This seems to be trend under the Obama reign of terror. Check out the following chart posted by Hotair. Even under the worst Bush years, participation in the labor force was no were near as bad as it is now. Under the Obama regime, it’s just gone down and down. For those wondering what the REAL unemployment rate in this country is, without the Obama regime fudging the numbers, it’s really 11.1%. If Obama wasn’t fudging the numbers, the unemployment rate would have spiked to 8.4% in April.

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May 4, 2012 · Filed Under economy, Latest Ramblings


Comments

  • Amazingoly

    We are not fooled.  We know the real figure is about 14.5% unemployed.  All Obama is doing his last year is campaigning, golfing, and wasting taxpayer money on Air Force One.  New sheriff coming to town soon.