Posted on 03/09/2013 7:57:24 AM PST by TurboZamboni
The unemployment rate may have fallen from 7.9% in February to 7.7% in January, but the number of people not in the labor force has set a record all-time high. The Bureau of Labor Statistics defines those not in the labor force as those who are unemployed and no longer looking for work, including those who retired on schedule or retired early. CNS News reported the numbers:
The number of Americans designated as not in the labor force in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February.
(Excerpt) Read more at politicaloutcast.com ...
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994.
http://www.shadowstats.com/alternate_data/unemployment-charts
The problem is, too many jobs have gone to China.
We need to bring back US jobs now.
Thanks TurboZamboni.
Thanks Obozo, ya DUMB ASS!
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