Comment: Don't be fooled

In post: Unemployment Rate Magically Falls Below 8% Before Election - First Time Ever in Obama Presidency

Don't be fooled

Submitted by RedZ1900 on Fri, 10/05/2012 - 12:53. Permalink

Don't be fooled. The unemployment rate doesn't count those who have dropped out of the labor force and who have stopped looking for work. In fact, labor participation rate has gone down by about 2%. That's a huge loss. Also, most of the jobs "created" here are part time jobs.

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