According to the St. Louis Federal Reserve office, there are about 240 million Americans of working age. When the President took office in 2009, the Labor Participation rate was 65.8% but has fallen to 63.5% --the lowest in 30 years -- as of Friday's BLS report. This means that since the President has taken office, 5.5 million Americans have stopped looking for work and are not included in the un-employment rate![ emphasis added]
Obama can't win this argument. All he can do is put lipstick on the pig and hope that nobody notices.
By the way, I emphasized "working age" above because it is an objective number. Labor participation rate, therefore, is an objective number that can't be politically spun. However, the unemployment rate is not objective, because it can and it is being spun.
Don't be fooled.
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