(Flashback)Unemployment Rate Falls For All The Wrong Reasons

CNN Money ^ | April 5, 2013 | Chris Isidore

[Son House]

The difficulty for younger workers finding jobs is also a factor...The participation rate for those age 16 to 24 was near a 50-year low.

Heidi Shierholz, a labor economist with the Economic Policy Institute...She points out that the participation rate of "prime-age" workers, age 25 to 54, also fell to match the lowest reading since 1984.

"It's the lack of job opportunities -- the lack of demand for workers -- that is keeping these workers from working or seeking work, not other factors," she said.

Shierholz said estimates from the nonpartisan Congressional Budget Office show there are 3.9 million workers who should be in the labor force but are not because of the weakness in the job market. Counting them as unemployed would take the unemployment rate up to 9.8%.

[Son House]

"It's the lack of job opportunities -- the lack of demand for workers

Have you heard Unemployment is down? Seems the reality of reoccurring poor labor participation rates is going to go under-reported too, for the benefit of having low-information citizens vote Democrat.

[spokeshave]

"It's the lack of job opportunities -- the lack of demand for workers

Sounds like rolling stagflation.

[gingerbread]

This is another one of the government’s “BIG LIE”, started in the Clinton Administration. And, naturally, the LAME STREAM MEDIA is playing along with this canard. Because of this ruling, that the government only counts those people receiving “UNEMPLOYMENT” insurance. Once an individual is dropped from the “UNEMPLOYMENT INSURANCE”, that person isn’t counted any more as “UNEMPLOYED”. People, there are 92 million people that are unemployed. If the government “UNEMPLOYMENT” figures were accurate, our true “UNEMPLOYMENT” figures would be 15% or higher.