Obama BLS jobs data recap August 3, 2013, Fact vs fiction, Employment data rectified as in 1984, Orwellian wordsmithing or outright lies?, Labor force dropouts part time workers and food stamps reveal truth
“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013
“Approximately 1 million more people could only find part time employment since Obama took office in January 2009.”…Citizen Wells August 2013
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984”
You are being lied to.
Don’t take my word for it.
Look it up.
This past week, we received the usual Orwellian reporting on jobs, unemployment rate, initial claims and the economy.
This Market Watch heading was typical.
but unemployment falls.”
No mention of the one month drop in the Labor Force Participation Rate or the huge drop since Obama took the White House in January 2009.
On Thursday the BLS reported initial claims were 326,000. No wonder. Think about it. Huge numbers have dropped out of the labor force.
And part time workers. You don’t have to fire them, just cut back on their hours.
From the BLS Employment Situation report for July 2013.
“Both the number of unemployed persons, at 11.5 million, and the unemployment rate, at 7.4 percent, edged down in July. Over the year, these measures were down by 1.2 million and 0.8 percentage point, respectively.”
“The civilian labor force participation rate was 63.4 percent in July, little changed over the month.”
“Among the marginally attached, there were 988,000 discouraged workers in July, up by 136,000 from a year earlier.”
The Labor Force Participation Rate dropped .1 percent in July. That is significant.
The increase of 136,000 discouraged worker from 2012 is certainly significant.
So, do you believe that the unemployment rate is 7.4 percent and that the jobs situation has improved since Obama took office in January 2009?