Obama will tell us what we need to know
All I know is that it will be “unexpectedly” higher next week, after they revise it.
If 63.2% are not participating, it means the 36.8% are not working - the real unemployment rate ... the 6.7 whatever is just playing with statistics for politics and public consumption.
The dirty little secret is that one of the government’s mouthpieces, Yahoo Finance Breakout, is aware how bad unemployment is and is looking for a scapegoat. They are blaming it on retiring baby boomers. We are the reason the participation rate is so low.
Government mouthpieces are actually terrified because even counting part time jobs as real jobs the labor participation rate keeps dropping.
The dirty little secret is that Obama minions trimmed the work force by millions starting in 2008. Go back to the beginning of record keeping and even during the great depression, WWII and other wars we never leveled out or dropped in work age eligible citizens. Not until the magical knucklehead took over.
He plays fast and loose with numbers. Un-Employment, Number of people signed up for DemocratCare Insurance, the budget, campaign contributions, if it has a number, Barry is going to blur and distort it.
The man child, his minions and his cult followers are all liars.