The Unemployment Rate Went Down This Month Because Hundreds of Thousands of People Quit Looking for Work
8th September 2013
People who aren’t looking for a job aren’t counted in the headline unemployment figure, and as the AP notes, right now the percentage of people who either have a job or want one—the labor force participation rate—is at 63.2 percent, the lowest its been since 1978.
How’s that Hope and Change working out for you?
September 10th, 2013 at 14:09
I was sort of expecting employment to go up, because so many full-time jobs are being magically transformed into part-time jobs to evade Obamacare mandates…
September 10th, 2013 at 16:21
Every little bit counts.