And unemployment is only 5.7%.
According to the Bureau of Made-Up Statistics.
Next month it will be less than 5%.
Isn’t Barack dreamy? /s
Here’s the right way to look at it (if we are realistic ):
In December, the civilian noninstitutional population was 249,027,000 according to BLS. Of that 249,027,000, 156,129,000—or 62.7 percent—participated in the labor force, meaning they either had or job or had actively sought one in the last four weeks.
Of the 156,129,000 who did participate in the labor force, 147,442,000 had a job and 8,688,000 did not have a job but actively sought one. Those 8,688,000 are the unemployed. They equaled 5.6 percent of the labor force—or an unemployment rate of 5.6 percent (which was down from the 5.8 percent unemployment rate in November).
However, a record 92,898,000 Americans 16 and older DID NOT participate in the labor force in December 2014, as the labor force participation rate dropped to 62.7 percent.
That’s 456,000 more than the 92,442,000 Americans who did not participate in November 2014.
“According to the Bureau of Made-Up Statistics.” ROFL...good one.
This bunch are financial terrorists and these part time jobs are to manipulate the numbers while they crush the economy, it’s intentional...unbelievable fools...living in la la land thinking communism is better than capitalism.
The people like Ayers and Obama, who were given privilege through capitalism think out of their rear ends, as long as the money is coming in to them.
In a nutshell, here’s how the BLS is counting the unemployed:
QUESTION: Are you employed?
Answer: No
QUESTION: Are you actively looking for a job?
Answer Yes.
Questioner counts the interviewee as among the unemployed.
Next....
QUESTION: Are you employed?
Answer: No
QUESTION: Are you actively looking for a job?
Answer No.
Questioner puts the interviewee in a different category and BLS DOES NOT include him in the official unemployment rate.
Regardless of what it is, if you don’t have a job, you don’t have a job, whether the BLS counts you or not.