EconChick
Gold Member
- Feb 15, 2014
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As has been explained on this board dozens of times....and as everyone knows..... the reason the Unemployment Rate has been dropping is for the WRONG REASON.
It's not dropping because Obama's policies have generated so many jobs....it has dropped because so many people have dropped out of the pool of people COUNTED.
In other words, Obama has used slight of hand. It can be a little complicated to follow but he's basically dropped the number UNEMPLOYED by making the pool of those counted smaller.
The Labor Participation Rate has dropped to its lowest level in over 30 years.
Here is a visual:
It's not dropping because Obama's policies have generated so many jobs....it has dropped because so many people have dropped out of the pool of people COUNTED.
In other words, Obama has used slight of hand. It can be a little complicated to follow but he's basically dropped the number UNEMPLOYED by making the pool of those counted smaller.
The Labor Participation Rate has dropped to its lowest level in over 30 years.
Here is a visual: