Obama/Jimmy Carter 2 –Image: Americans for Limited Government
(Zero Hedge) The economy just continues to get worse for the American worker during Obama’s Watch, the number of people not participating in the labor force soared by a massive 663,000 to a record 90 Million Americans who are no longer even looking for work–the labor force participation rate plunged from an abysmal 63.5% to 63.3% the lowest level since 1979
The U.S. Dept of Labor, reported that just 88,000 jobs were added in March forecasters were expecting hoping for between 150,000 to 200,000 jobs.
According to the Heritage Foundation the economy needs to add between 100,000 to 125,000 jobs per month just to keep pace with normal population growth.
The Obama Administration appears divorced from reality, following the release of the March jobs report according to The Washington Post the White House claims that today’s unemployment report provides more proof that the economic recovery is continuing.
What parallel universe are they from?
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