(Zero Hedge) While Obama and Democrats have been cheering the alleged drop in the unemployment rate today to 5.9% what they fail to mention, is more important for Americans attempting to find a job.
On Friday, the Bureau of Labor Statistics reports that the ‘Labor Participation Rate’ has taken another hit falling from 62.8% to 62.7% the lowest level in 36 years–matching a rate when another Democrat, Jimmy Carter was President in February 1978
What is equally disturbing is that the number of Americans not in the labor force rose to a new record high–increasing by 315,000 to 92.6 Million
If that isn’t bad enough, in related economic news, CNS News reports the number of Women not in the labor force increased from 55,345,000 in August to 55,553,000 in September–an increase of 208,000
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