Unemployment fell to 7.7 percent from 7.9 percent in January. Despite strong jobs gains, most of the reduction in unemployment resulted from fewer adults looking for work. Although the adult population increased 165,000, the labor force decreased 130,000 as about 295,000 additional adults chose not to look for work.
Most of the reduction in unemployment from its 10.0 percent peak in October 2009 has been accomplished through a significant drop in the percentage of adults working or looking for work. Were the participation rate the same as when President Obama took office, it would be about 10.9 percent. Adding in part time workers who would prefer full employment but can't find it, the unemployment rate becomes 14.2 percent.
The economy would have to add about 13 million jobs over the next three
years--about 361,000 each month--to bring unemployment down to 6 percent.
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Don't hold your breath waiting for the liberal media to tell you any of these awful facts.
Obama = fail
Most of the reduction in unemployment from its 10.0 percent peak in October 2009 has been accomplished through a significant drop in the percentage of adults working or looking for work. Were the participation rate the same as when President Obama took office, it would be about 10.9 percent. Adding in part time workers who would prefer full employment but can't find it, the unemployment rate becomes 14.2 percent.
The economy would have to add about 13 million jobs over the next three
years--about 361,000 each month--to bring unemployment down to 6 percent.
----------------------
Don't hold your breath waiting for the liberal media to tell you any of these awful facts.
Obama = fail
