This is the labor force participation rate. If that sounds like a technical term that only economists would care about, that’s a mistake. It’s the percentage of the labor force that is actually working.
As Doug Ross points out on his blog, adjust for seasonality and look down the columns for each month, while paying special attention to 2009. Look closely.
Did you catch that? Not a single time under President Obama have they ever gone up year-on-year for any given month.
What does this mean? It means that as the unemployment rate has steadily dwindled to the still historically high 6.3%, none of that has to do with more people as a percentage of the population finding employment.
http://www.thefederalistpapers.org/...gone-down-every-month-and-this-chart-shows-it
As Doug Ross points out on his blog, adjust for seasonality and look down the columns for each month, while paying special attention to 2009. Look closely.
Did you catch that? Not a single time under President Obama have they ever gone up year-on-year for any given month.
What does this mean? It means that as the unemployment rate has steadily dwindled to the still historically high 6.3%, none of that has to do with more people as a percentage of the population finding employment.
http://www.thefederalistpapers.org/...gone-down-every-month-and-this-chart-shows-it