Little-Acorn
Gold Member
Unfortunately, they are correct.
According to the Federal Government's Bureau of Labor Statistics, the "Labor Force Participation Rate" (The percentage of the population age 16 or over, who is employed or looking for work) has fallen to levels not seen since the Jimmy Carter years - the time when the "Misery Index" was invented to describe how bad things were.
The "Unemployment Rate" is the percentage of people who are unemployed but still looking for work. IN other words, In other words, the percentage who are unemployed but still in the labor force.
If the number of people in the labor force declines, that means they are unemployed but NOT looking for work any more.
More people have been driven out of the labor force, giving up looking for work, than any any time in more than 30 years, undoing everything Reagan managed to do.
Part of Obama's legacy. And not a "small" part.
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According to the Federal Government's Bureau of Labor Statistics, the "Labor Force Participation Rate" (The percentage of the population age 16 or over, who is employed or looking for work) has fallen to levels not seen since the Jimmy Carter years - the time when the "Misery Index" was invented to describe how bad things were.
The "Unemployment Rate" is the percentage of people who are unemployed but still looking for work. IN other words, In other words, the percentage who are unemployed but still in the labor force.
If the number of people in the labor force declines, that means they are unemployed but NOT looking for work any more.
More people have been driven out of the labor force, giving up looking for work, than any any time in more than 30 years, undoing everything Reagan managed to do.
Part of Obama's legacy. And not a "small" part.
![28934d1389375472-liberals-the-era-of-reaganomics-is-finally-over-laborforceparticrate1980-2013.gif](/proxy.php?image=http%3A%2F%2Fwww.usmessageboard.com%2Fattachments%2Fpolitics%2F28934d1389375472-liberals-the-era-of-reaganomics-is-finally-over-laborforceparticrate1980-2013.gif&hash=2989d94b48da2586092eb18dd6f57a47)
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