White House Press Secretary Jay Carney explained that the number of people dropping out of the work force, which artificially depresses the unemployment rate, can be regarded as an “economic positive.” “A large percentage of that is due to younger people getting more education, which in the end is an economic positive,” Carney said. “This increase in the number of people leaving the work force has been a trend and a fact since 2000, because of an aging population”
This chart tells a different story:
An unemployment rate doesn’t drop two points in a month because kids are staying in school longer. And the amount of the “aging population” still in the workforce is near historic highs, since they can’t afford to retire.
OBAMA AND HIS COMRADES ARE LYING ABOUT UNEMPLOYMENT AND THE ECONOMY.
No comments:
Post a Comment