The other two chief reasons are more people going on disability and more baby boomers retiring. Not only that, but the decline in participation began before Obama came into office.
Obama?s Numbers (January 2014 Update)
The reality is that over 3 million new jobs have been added to the economy (net job creation. 8 million jobs in total created since he came into office). 2.5 million of those jobs are directly related to the Recovery Act. Altogether 2.5x more jobs have been created in his 5 years than the previous 8.
Obama?s Numbers (January 2014 Update)
The reality is that over 3 million new jobs have been added to the economy (net job creation. 8 million jobs in total created since he came into office). 2.5 million of those jobs are directly related to the Recovery Act. Altogether 2.5x more jobs have been created in his 5 years than the previous 8.