522K drop out of labor force in April, Participation Rate at 30 year low

Discussion in 'Current Events' started by MolonLabe2009, May 4, 2012.

  1. MolonLabe2009

    MolonLabe2009 Banned

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    April's jobs numbers came out today and it doesn't look good.

    The number of people NOT in the labor force rose by a whopping 522,000 in April. This is the highest on record.

    And the labor force participation rate (the employed and the unemployed but looking for a job) just dipped to a new 30 year low of 64.3%.

    So, don't be deceived when you hear the lame-stream media tout that the unemployment rate dipped 1/10 of a percent from 8.2% down to 8.1%. The reason it dipped is because there are less people participating in the labor force. In other words, they just gave up looking for a job.

    People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981
     
  2. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    The less people in the labor force the lower the Unemployment Rate, Obama transparency at it's finest we can see right through him.
     
  3. Mac-7

    Mac-7 Banned

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    Obama is transforming this country into the economic model of Mexico.
     
  4. kenrichaed

    kenrichaed Banned

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    The people who can't find work are not buying into the liberal spin that the economy is getting better.

    They also are going to vote in November.

    Guess what Obama? This includes democrats, republicans and independents of all races, religions and backgrounds.

    People would rather have a job and feed their families then believe anymore of your lies.
     
  5. webrockk

    webrockk Well-Known Member Past Donor

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    Not coincidently...or surpising.... SSDI claims are spiking right along with the "unemployment benefits ended / gave up looking for work" numbers.....

    further revealing the folly and fraud surrounding the progressive left's nation wrecking, "give a man a fish" vote harvesting efforts.


    If you build it, they will come, and come, and come.....
     
  6. AceFrehley

    AceFrehley New Member

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    Liberals consider this good news. That's over 500,000 more people dependent on government and thus likely to vote Democrat.
     
  7. hiimjered

    hiimjered Well-Known Member Past Donor

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    Another half-million people who aren't looking for work. At least it makes the unemployment rate look a little better to the ignorant masses. . .
     

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