Did the Unemployment Rate Really Fall To 7.7% –Image: CBS News
(Zero Hedge) The Obama Administration–Dept of Labor is reporting that the November jobs report allegedly beat expectations by adding a paltry 146,000 jobs, pushing the unemployment rate down from 7.9% to 7.7%
Of course that is if one is really so gullible to someone believe the jobless numbers at the surface without taking a closer look at them for a more clearer picture, such as the fact that some 540,000 people dropped out of the labor force.
Long Term unemployed remained steady; Civilian Labor participation rate declined by 0.2%; Number of persons working part-time remained at 8.2%
U6 Real Unemployment Rate of 14.4% slipped from 14.6% in October, according to the Dept of Labor Bureau of Labor Statistics which is a more accurate reflection of the labor force and includes part-time workers that want to work full-time but can not due to the nations anemic economy.
On the 04 December, I wrote here children’s advocacy group Annie E Casey Foundation said in a new report released this week that youth employment rates for 16 to 19 year old’s and 20 to 24 year old’s are the lowest they have been in a half a century–most certainly not a very encouraging statistic if one actually is going to believe the Obama Administration’s dubious jobs report released this morning.
Related: Govt Adds 35,000 Jobs in November –CNS News
Fewer Americans Looking For Work -Independent Women’s Forum
Taxpayers Shelled Out $115,000 for Malia Obama’s Spring Break
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