[Caipirabob]

In his weekly address, the president touted the gains the economy has made in the last few years.

There are now less people employed in American than in 1978, but the population has grown by 100 million.

And yet "employment" is obama's greatest achievement.

Socialism: It fails EVERY TIME...

[Cincinatus' Wife]

Socialism: It fails EVERY TIME...

People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels [can access larger graphics at source link]

"Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%. "

And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.