Those sheep in the media who are praising Hussein, didn’t look at the details:
Of the 873,000 people who dropped from the labor force, only 223,000 found another job in June.
So, those NOT in the labor force INCREASED by 640K in June.
FYI: Those not in the labor force, is at an all time high of 93.626M.
This is how you lower the unemployment rate, despite an additional 640,000 people are no longer working.
You just stop count more and more people out of work to get the percentage rate the White House desires.
http://data.bls.gov/timeseries/LNS15000000
Now adjust for those retired, too young to work, disabled, do not need to work (lotto, inheritance, etc.) to get the true numbers. I'll bet it is north of 30%.