The Employment Rate Has Been Under 59 Percent For 39 Months In A RowSubmitted by legalizeliberty on Mon, 12/10/2012 - 12:26
The mainstream media is heralding the decline of the official unemployment rate to 7.7 percent as evidence that the U.S. economy is improving. But it is a giant lie. The truth is that unemployment in America is not actually going down. The percentage of working age Americans with a job actually dropped slightly in November. During the last recession, the percentage of working age Americans with a job fell from about 63 percent to under 59 percent and it has stayed there for 39 months in a row. In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed. In November 2012, 58.7 percent of all working age Americans were employed. It is more then 3 years later, and we are in the exact same place! So how in the world are they able to pretend that the "unemployment rate" is going down steadily? Well, they get there by pretending that hundreds of thousands of unemployed workers "leave the labor force" each month. According to the government, another 350,000 Americans left the labor force during November, and when you keep pretending that huge chunks of workers "disappear" each month it is easy to get the "unemployment rate" to go down.