People aren’t falling for this.
You can say all you want, “People are back to work” but the only ones who believe it are government workers and members of powerful unions. Everyone else KNOWS there is no work.
I live in FL, everyone here used to be in construction. Most everyone I know has just given up. They have all moved back in with family, pooled resources, left the state, etc. There just aren’t any jobs.
They’ll keep cooking them going down to less then 8% by election time, I know the schedule
June - 8.1%
July - 8.0%
August - 7.9%
September - 7.8%
October - 7.7%
The participation rate is a subjective measure and highly subject to manipulation. The lower it goes and the more people are dropped from the unemployment equation, the better the numbers will look for the White House. This figure has been dropping sharply since Mr. Obama took office. Last month, an analysis at the Zero Hedge financial website noted that by extending the logic of reporting progressively fewer labor-force participants, “America will officially have no unemployed when the Labor Force Participation rate hits 58.5 percent, which should be just before the presidential election.” Maybe that’s the plan.