Although the media is touting a 7.5% unemployment rate (U3) for April, real unemployment (U6) went up from 13.8 to 13.9%
The reason? People continually leave the work force and fall off of U3 counts. While U3 looks great for the President (if you call 7.5% great) Real unemployment tells a different story. 9.5 million people have given up on the Obama economy.
9.5 million Americans have left the workforce during the presidency of Barack Obama, according to the Bureau of Labor Statistics.
Those not in the labor force declined by 31,000, from a record high of 89,967,000 in March. That broke the recent record of 89,304,000 not in the labor force in February of this year.
Since February 2009, the first full month of Obama’s presidency, 9,549,000 people have left the labor force. There were 80,387,000 Americans not working that month, compared with 89,936,000 not working or looking today, according to the latest economic release from BLS.
Read More of 9.5 Million People at CNS News.
Twitter Response to Millions Leaving the Workforce under Obama
@politisite but who’s counting?
— Dana Perino (@DanaPerino) May 3, 2013
Jobs report chart: If this is what stimulus spending accomplished, go screw yourself reason.com/blog/2013/05/0…
— nickgillespie (@nickgillespie) May 3, 2013