They’re point is that it’s because more people are looking for a job now. They are actually correct in this, but why don’t they then report the full news of how many Americans are NOT employed nor looking for a job?
That’s my point exactly. When they were getting the headline they needed (e.g. Unemployment rate drops), they never mentioned the reason was mostly due to a historically low labor force. They just ran with it, and hoped the low infos bought into it. Now that the headline is going to be ‘Unemployment Rate Goes Up’ they need to explain to the rubes that this is actually not a bad thing.