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ballot no 54826

political : JOB RECOVERY?

[+] ballot by Cathexis

According to Barron's, the unemployment rate of 5.4% dramatically understates how bad the labor situation really is. That incumbent-friendly number is actually the result of mathematical sleight of hand, and analyst research states that the actual number may be closer to 9.4%.

It turns out that the real reason the unemployment rate appears so low is that people are dropping out of the work force. The labor participation rate has fallen to 66% from a high of 67.3%. There are over 140 million people in the labor force, and that 1.3% drop represents nearly 2 million additional unemployed people not showing up in the data.

Does anyone still want to insist that the job situation has recovered or is recovering?

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This BALLOT CHOICE created by : Cathexis
Submitted on : Dec 31,1969 7:00:00 pm