“Given the nation’s working-age population of 240.5 million, that 4.5 percent drop means that roughly 11 million Americans have fallen out of the workforce. They are excluded, however, from the nation’s formal unemployment rolls – which document only 13.75 million unemployed Americans.
We actually have close to 25 million Americans out of work. The President can not admit that because he claimed that if he did not CUT unemployment he would not run for re-election.
People know the government is lying, the proof is all around us. Recovery? Gas is almost double what it was when Obama took his oath of office. America, thanks to Obama, has trillion dollar deficits for as far as the eye can see.
We deserve honesty from our elected officials–Obama believes he deserves re-election, even if he has to lie.
White House hides the big drop in percentage of working Americans
Rick Moran, American Thinker, 2/18/12
A new chart produced by the Republican Study Committee shows the downward jumps of that job-participation rate, even after President Barack Obama deployed his trillion-dollar stimulus in February 2009, and after Obama declared the summer of 2010 a “Recovery Summer.”“I expect you will be seeing this chart on the House floor during debates, it will be shown at town hall meetings and in district events,” committee spokesman Brian Straessle told The Daily Caller.Amid the optimistic text in today’s economic report, the detailed tables reveal a sharp statistical decline.In 2000, 64.4 percent of working-age Americans had formal jobs, either full-time or part-time, according to Table B-35 on page 361. That was the measure’s high water mark.The ratio drifted down to 63.0 percent in 2007 before hitting the skids in the 2008 recession that was largely caused by federal real-estate policies.By October 2009, five months after the recession technically ended, the ratio hit bottom at 58.5 percent, where it remained two years later in December 2011.Given the nation’s working-age population of 240.5 million, that 4.5 percent drop means that roughly 11 million Americans have fallen out of the workforce. They are excluded, however, from the nation’s formal unemployment rolls – which document only 13.75 million unemployed Americans.By excluding those non-working Americans, the White House can claim that the formal unemployment rate has fallen to 8.3 percent in January 2012, down from a peak of 10 percent in 2009.
