Everyone is talking about the decline in the unemployment rate. It’s down to 8.1% from 8.3% last month. The Bureau of Labor Statistics reports that April created 115,000 new jobs. Woohoo! Right? Things are turning around.
NOT SO FAST. The interesting thing about the unemployment rate is that it does not count people who have given up finding work over the past 12 months. So the more despair pervades as people lose hope and quite looking for work, the more the reported unemployment numbers drops. Of course it would also drop if jobs were actually being created in greater quantities. We know the measly 115,000 jobs created last month cannot account for the .2% drop. It should be obvious to even a grade school child that the books are being cooked. This is a classic example of the old adage that one can use statistics to prove anything.
Hawaii News Daily reports…
“there are 100 million working age Americans that do not get up in the morning and go to work?… According to the federal government, there are 12.6 million working age Americans that are considered to be “officially” unemployed, but there are another 87.8 million working age Americans that are not working either.”
By simply change the definition of unemployed the federal government and their minions in the mainstream media want to convince you that Obama is turning the economy around. They want you to believe that the trillions of taxpayer dollars that were spend to “save the economy” were actually beneficial and not just a huge burden on middle class America for decades to come.
The truth is that the percentage of working age Americans that are employed is just about the same right now as it was two years ago.
According to the Federal Reserve, the total number of “officially” unemployed workers in America is currently 12,673,000 .
Since the start of the last recession, the number of Americans not in the labor force has risen by more than 8 million according to the Obama administration. The total number of working age Americans not in the labor force now stands at 87,897,000….
So when you add 12,673,000 and 87,897,000, you get a total of 100,570,000 working age Americans that do not have jobs.
Read the entire article, “There Are 100 Million Working Age Americans That Do Not Have Jobs“