Yet again, the latest unemployment numbers show a slight drop in the unemployment rate, and yet again the drop is a lie. At least this time around we are being spared the Democrats’ talking point that lower percentage = good. The last several drops in the unemployment rate can be attributed more to people giving up on finding work than to the meager gains in jobs.
The Left’s silence on this latest jobs report may be an indication that Americans are finally waking up to the truth behind the unemployment rate. It doesn’t matter whether the unemployment rate falls. What matters is why.
If the unemployment rate continually drops because the economy is so bad people are giving up on finding work, that is a very serious problem, and an indictment of the president’s economic policies. In an election year, this kind of news should be the death knell for President Obama’s campaign.