The Nobama administration has been trumpeting the reduction in overall unemployment to ~ 7.7%. However, the TRUE story has to be massaged by the l*****t media to not appear as bleak as reality.
89.3M Americans are NOT working.
Labor Participation has dropped to ~ 63.5M people (those not on unemployment compensation but capable of working)
Throw out the BS formula re-write and look solely at a trend of people who can but are not working...U6 Unemployment. 14% of our working population is out of work today. Taxes went up last year, the government is bringing in more tax dollars than ever before, and fewer people are working.
http://portalseven.com/employment/unemployment_rate_u6.jsphttp://data.bls.gov/timeseries/LNS11300000
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