Lake Minnetonka Liberty

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Tag Archives: labor force

Comparing Unemployment Rate Projections in President Obama’s First and Current Budget

Are You Now (or Will You Become) One of the 28 Million Unemployed the Administration Missed?
The table below displays unemployment rate projections in (1) President Obama’s first budget in February 2009, and (2) President Obama’s current budget, released today.

Significantly, as the Administration’s budget documents in 2009 noted, their projections then incorporated the effects of the Administration’s trillion-dollar February 2009 stimulus plan, which the President said will “save or create at least three and a half million jobs, and help to revive our economy.”  As the Administration’s current figures confirm, however, that stimulus plan has [...]

Read the rest at Big Government

The truth about unemployment & the labor force you are not being told

The unemployment rate has dropped to 8.3%. BULLSHIT. There are less jobs in America today due to Obama than there were in 2008, so it’s only natural that the doctored unemployment rate (especially when you no longer count those whose benefits ran out) would fall. That’s the only way it can happen, and that’s what Barack Obama is doing.

Last month alone, 1.2 million people dropped out of the labor force, and somehow that magically drops the unemployment rate? We are all being lied to by the regime, period.

from Tyler Durden of Zero Hedge:

A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.