The Labor Participation Rate is a much better window into the employment landscape than the Unemployment rate, IMO. I am amazed that so many still hang their hats on the Unemployment rate as a metric of any usefulness.
It allows a lot of people to keep their socialist delusions about Obama & the economy.
People see what is necessary to maintain their belief(s) of what should be rather than what is.
I have no hope that we are going to come out of this because after 5 years of deliberate destruction of our economy, 1/2 the people still approve of what is being done. Which proves we have lost.