USA: Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low
Obama has been running around like a headless chicken crowing about the 243 000 jobs that were added to the economy last month and the unemployment rate dipping to 8.3%. What he fails to admit to though, is that 1.2 million people dropped out of the labour force in one month. Those not in the labour force surged from 86.7 million to 87.9 million, which means that the civilian labour force tumbled to a fresh 30 year low of 63.7% as the Bureau of Labor Statistics (BLS) is seriously planning on eliminating nearly half of the available labour pool from the unemployment calculation. The BLS needs to crush the labour force participation rate to about 55% by November for Obama to be able to brag that he’s reduced the unemployment number. See, this is how devious this guy is and people keep falling for his BS whilst he goes around the country telling Congress not to screw this up! He’s the one doing the screwing. He’s a classic alright. He’s a complete nutter and liar but he will most likely win the election by appealing to his core radical base and the stupid people – of which America clearly doesn’t lack and which most are supported by the government, which in turn is supported by the 53% who pay their taxes. It is estimated that within the next 4 years, at the current rate, 60% of Americans will be on welfare, supported by 40% tax payers. And yet this type of propaganda about lower unemployment numbers is lapped up by the MSM and the ignorant, gullible people. Isn’t life grand in America?