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

Thursday open thread: Hillary talks gun control in wake of Va. shootings; Pentagon conforms ISIS threat to match WH narrative

August 27, 2015 08:37 AM by Doug Powers

hillarychillin

Just chillin’ in Opportunist-ville

EO signed by Obama in 2009 could doom Hillary’s ‘classified email’ excuses, but at least Biden is smiling

August 26, 2015 05:05 AM by Doug Powers

hillarypresser

BS alarm dies from exhaustion

‘Not a smidgen of corruption’ moment of paws: Lois Lerner used email under dog’s name for IRS business

August 25, 2015 01:46 PM by Doug Powers

lerner

My dog ate my homework made me investigate Tea Party groups

Obama torches 20,000 gallons of gas to warn that ‘fossil fuel interests’ are conspiring against ‘clean energy’

August 24, 2015 09:10 PM by Doug Powers

solyndra-obama-3-1

Because it worked so well the first time

Total coincidence: Biden meets with Fauxcahontas; Hillary interrupts Hamptons vacation to campaign (Sunday open thread)

August 23, 2015 08:29 AM by Doug Powers

hillarybiden

Game change?


Categories: 2016 Campaign, Barack Obama, Corruption, Democrats, Hillary Clinton, Joe Biden

Follow me on Twitter Follow me on Facebook