Obama’s Orwellian Unemployment Numbers
Well, here we are again, ladies and gentlemen: The unemployment rate has gone down. And I have finally figured it out. While you might think I’m saying this to be funny (’cause I’m a naturally funny person; I know this: One of the most naturally funny people you’ve run into), I’m not trying to be funny here. Barack Obama has decided that the only way to lower the unemployment rate is to kill off jobs. The unemployment rate went down one-tenth of a percent from 8.2% to 8.1%, but the number of people who left the labor force is at an all-time high.
It’s over 88 million Americans not working. The labor force participation rate — that is, the universe of all jobs available — is skyrocketing upward. And that means fewer people are counted in the whole equation, which means the unemployment rate is plummeting. And I have to tell you something. Maybe I’m taking too much credit here, but I’ve got the Reuters story, and they’ve got it right. They’re not out there highlighting this “big jobs increase.”