As if to corroborate more than a year’s worth of reports linking America’s artificially low unemployment rate with a massive drop in the number of people looking for work, January’s unemployment numbers are out — and they show that when one trend reverses, the other must necessarily follow.
According to the U.S. Bureau of Labor Statistics (BLS), the government’s official unemployment rate climbed from 5.6 percent in December to 5.7 percent in January.
At the same time, the labor participation rate — that is, the percentage of people seeking employment among all whom the government considers eligible — rose from 62.7 percent in December to 62.9 percent in January.
Beginning in mid-2012, the BLS’s unemployment figure had declined slowly but steadily — much to the delight of the Obama administration and its narrative of economic recovery — even as the number of people admitting they’d given up looking for work climbed. By December of last year, 92,898,000 Americans over the age of 15 had given up on looking for work. The population of the U.S. is approximately 320 million.
http://personalliberty.com/unemployment-rate-rises-people-return-labor-force/
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