Saturday, May 3, 2014

THE LEGACY OF THE POTUS BHO FALSE LOW UNEMPLOYMENT OF 6.3% WHILST AMERICANS 92 MILLION ARE OUT OF WORK SINCE THE BHO TAKING OFFICE IN 2008–THE LIBERAL DEMOCRAT SOCIALIST MODEL TO GROW THE ECONOMY IS TO FORCE REGULATIONS AND DRIVE FAMILIES TO SUFFER WITH HIGHER PRICES FROM FOOD, GAS, CLOTHING, ENERGY, AND ALL OF THE ABOVE….

Despite the unemployment rate plummeting, more than 92 million Americans remain out of the labor force.

The unemployment rate dropped to 6.3 percent in April from 6.7 percent in March, the lowest it has been since September 2008 when it was 6.1 percent. The sharp drop, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a job as unemployed.

The bureau noted that the civilian labor force dropped by 806,000 last month, following an increase of 503,000 in March.

The amount (not seasonally adjusted) of Americans not in the labor force in April rose to 92,594,000, almost 1 million more than the previous month. In March, 91,630,000 Americans were not in the labor force, which includes an aging population that is continuing to head into retirement.

http://washington.cbslocal.com/2014/05/02/report-more-than-92-million-americans-remain-out-of-labor-force/

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