The media hype the unemployment rate of 6.7% after the miserable December 2013 jobs report today. What the media wouldn’t tell you is how the labor participation rate has dropped every since since 2009 (when Obama took office.) Below is a little graph of the labor participation rate before, and after Obama took office. The labor force participation rate is now at it’s lowest level since 1978 (Jimmy Carter presidency.)
|Labor force participation rate has dropped every year since Obama began his reign of terror|
If you had the same amount of people in the labor force as you did at the end of Bush’s presidency, the unemployment rate would be around 14%. Of course, all we get from the media is how the economy is magically improving. The only thing that’s improving is the stock market, and that’s thanks to the Federal Reserves monthly bond buying. It’s just too bad there are enough stupid people to believe that the jobs market is really improving under this corrupt progressive liberal Democrat regime.