Did You Know...

   

Labor force participation rate, welcome back to 1978

Share
By Doug Powers  •  January 10, 2014 11:58 AM

**Written by Doug Powers

null
Image source: Florida Pundit

Put on some bell bottoms, crank up a Bee Gees album and pop open a can of Billy Beer, because we’re back in 1978.

The White House will be spin the unemployment rate drop to 6.7 percent as great news, but a good deal of the drop is due to the fact that another 374,000 people dropped out of the labor force in December. The labor force participation rate is back to 1978 levels (graph via Zero Hedge):

null

The way the government calculates jobless numbers, the only way to get the unemployment rate to zero percent would be for every single working American to quit his or her job and never look for another.

Ed Morrissey at Hot Air has a good roundup of the latest numbers here.

Harry Reid admits what an economic disaster they’ve been:

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus
~ For the latest breaking news, be sure to join Michelle's Email List:

Former State Department diplomat describes effort to scrub damaging Benghazi docs

September 16, 2014 09:52 AM by Doug Powers

maxwellattkisson

Drip. Drip.

Obama earns Nobel Peace Prize in role play as ISIS adviser

September 14, 2014 10:56 AM by Doug Powers

obamasueme

Hope & Change, terrorist-style

Obama admin has their bases covered on ‘war’ or ‘no war’ with ISIS

September 12, 2014 04:12 PM by Doug Powers

kerry

Mixed Message Shock & Awe

Congressional Democrats demand greater transparency … from the NFL

September 11, 2014 05:26 PM by Doug Powers

laughter

The jokes never end.


Categories: Barack Obama, Democrats

Follow me on Twitter Follow me on Facebook