30 March 2012

Labor Force Decreasing

People often criticise Fox News for manipulating the unemployment facts... well, here is a very straight forward assessment from Fox about why the 8.4% unemployment number isn't so "rosy": The labor force is getting smaller. The number of new hires aren't increasing, instead more people are giving up looking for work. Not good.

While 1.66 million net jobs have been added during the Obama "recovery,” over that same time the number of working age Americans not in the labor force rose by 7.14 million. There is no comparable post-World War II "recovery" where this type of exodus has occurred. 

Full article.

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