Sunday, June 16, 2013

Unemployment Rate Drops as the Workforce Drops Out

Periodically you hear President Obama pat himself on the back because the unemployment rate has fallen from nearly 10 in 2009 to 7.6 today. Huzzah!

Except that what's really going on is that more and more people are leaving the workforce.



Which is a bit like the high school principle congratulating himself for having a higher grade point average as more kids are dropping out of school!

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