The Obama recovery

[Quantum Windbag]

Or, why the economy is not going to help Obama win the election.

January 2009: According to the Bureau of Labor Statistics, the Workforce Participation rate when Obama took office was 65.7%. That means 34.3% of the workforce wasn’t even trying to participate, through discouragement, disability or whatever case applied. Add to that the 7.8% unemployed, and you reach a figure of 57.1% of the American workforce actually working.
October 2009: At this point, the “low point” of the Obama recession, the participation rate was an even 65% just in time for unemployment to hit an even 10%., 55% of the American work force was working.
January, 2012: As unemployment stood at 8.3%, the workforce participation rate was 63.7% – the lowest since records have been kept. That means that overall employment in the American workforce is now a whopping…
…55.2%.
That’s a fifth of a percent higher than it was at the lowest point of the Obama recession.
Almost two full points lower than it was when Barack Obama took office.