More than 101 million working age Amerikans do not have a job!
WASHINGTON (PNN) - April 7, 2013 - The jobs recovery is a complete and total myth. The percentage of the working age population in the Fascist Police States of Amerika that had a job in March 2013 was exactly the same as it was all the way back in March 2010. In addition, there are now more than 101 million working age Amerikans who do not have a job. But even though the employment level in the FPSA has consistently remained very low over the past three years, the illegitimate Obama regime keeps telling us that unemployment is actually going down.
In fact, it tells us that the unemployment rate has declined from a peak of 10.0% all the way down to 7.6%. It tells us that in March the unemployment rate fell by 0.1% even though only 88,000 jobs were added to the FPSA economy; and it takes at least 125,000 new jobs a month just to keep up with population growth.
So how in the world is the FPSA coming up with these numbers?
The truth is that the entire decline in the unemployment rate over the past three years can be accounted for by the reduction in size of the labor force. In other words, the illegitimate Obama regime is getting unemployment to go down by pretending that millions upon millions of unemployed Amerikans simply do not want jobs anymore.
According to the U.S. Bureau of Labor Statistics, more than 600,000 Amerikans dropped out of the labor market during the month of March. That pushed the labor force participation rate down to 63.3%, which is the lowest it has been in more than 30 years.
Don't believe the hype and propaganda. The sad truth is that there has been no jobs recovery whatsoever.
If things were getting better, there would not be more than 101 million working age Amerikans without a job.
According to the FPSA Bureau of Labor Statistics, there are 11,742,000 working age Amerikans that are officially unemployed.
In addition, the FPSA Bureau of Labor Statistics says that there are 89,967,000 working age Amerikans that are "not in the labor force". That is a new all-time record, and that number increased by a whopping 663,000 during the month of March alone.
When you add 11,742,000 working age Amerikans who are officially unemployed to the 89,967,000 working age Amerikans who are "not in the labor force", you come up with a grand total of 101,709,000 working age Amerikans that do not have a job.
That is an absolutely staggering statistic.