The headline is U.S. creates 151,000 jobs in August; unemployment 4.9%
Yet the Bureau of Labor Statistics shows that the "Labor Force Participation Rate" has decreased from 66% in 2006 to 62.8% last week.
jobs.gif
How is that GOOD news? And when did we start "counting" differently to drop people from the "jobless" rate because they've stopped looking for work?
And with all this bragging about the Obama Administration "creating" (which they don't do) ZILLIONS AND ZILLIONS (slight exaggeration) of jobs, why is the labor participation rate DECREASING?
Yet the Bureau of Labor Statistics shows that the "Labor Force Participation Rate" has decreased from 66% in 2006 to 62.8% last week.
jobs.gif
How is that GOOD news? And when did we start "counting" differently to drop people from the "jobless" rate because they've stopped looking for work?
And with all this bragging about the Obama Administration "creating" (which they don't do) ZILLIONS AND ZILLIONS (slight exaggeration) of jobs, why is the labor participation rate DECREASING?
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