The March jobs report is out. 88,000 jobs were created which is about 70,000 less than it takes to stay even. So unemployment went up right? NO, unemployment went down according the federal government. How is that possible? The report also contains this little gem; 663,000 people dropped out of the work force. They gave up or just realized that getting a job was not in the cards right now. That is why unemployment dropped .1% and the only reason. So this reports of 7.6% unemployment should start to smell like a three day old fish carcass. If the same number of people that were employed in 2008 were still looking for work today but failing to find it unemployment would be almost 11%. That is your Obama economy that started with the summer of recovery 3 years ago. No magic, just numbers.
http://cnsnews.com/news/article/reco...drop-out-march
http://www.bloomberg.com/news/2013-0...ate-falls.html
Why? Tax hikes, Obamacare, fiscal cliff but not sequester like the White House is spinning.
http://www.reuters.com/article/2013/...9330HH20130405