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originally posted by: Bone75
originally posted by: IAMTAT
a reply to: xuenchen
***U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.***
What part of this do you not understand?
They are still using Obama's method of calculating the unemployment rate and the only reason it's going down is because they are no longer counting people who have given up on finding a job.
Our total personal debt just hit $19Trillion
The cost of a new home has doubled since 2000, yet wages have barely moved.
We are very, very far from "winning".
First off, there’s the reason unemployment dropped: Because Americans are dropping out of the workforce, as opposed to an increase in the number of workers with jobs, as Dean Baker, economist at the Center for Economic and Policy Research, points out. Rather than adding workers, the American labor force shed 236,000 people between March and April.