Unemployment Rate U6 (10.6%) + : Participation Lowest Since 1978

Again and still, how is it possible to believe anything that comes from the Obama administration? No matter the situation, the progressive socialist liberal democrats have to lie about what they are doing, not only because everything they done has been detrimental to the country, but their ideology demands manipulation of the information to gain control of the population.

And it is working as the general population can not comprehend that one of the two political parties that dominate our country's politics is fully invested in destroying our way of life.

5.9 Percent Unemployment Doesn't Tell the Whole Story
Source: Douglas Holtz-Eakin, "The U-6 Fix," American Action Forum, October 3, 2014.

October 7, 2014

The government released new figures last week indicating that unemployment had dropped to 5.9 percent, with 248,000 new jobs created in September. But are the numbers really something to cheer? Douglas Holtz-Eakin, president of the American Action Forum, reminds readers to look behind the numbers. Consider:

• While the unemployment rate fell in September, it was partly due to the drop in labor force participation. 97,000 Americans left the labor force last month, resulting in a participation rate that has not been seen since 1978.
• Teen unemployment rose from 19.6 percent to 20 percent.
• Unemployment among young workers -- those between 20 and 24 years of age -- rose from 10.6 percent to 11.4 percent.

Holtz-Eakin points out that hourly earnings did not change, nor did the average hours worked. Without higher incomes, the economy will not improve.
At the Wall Street Journal, Josh Mitchell reports that the unemployment rate was 11.8 in September, if you include part-time workers seeking full-time jobs, as well as "discouraged" workers not seeking jobs.

Of the 9.3 million unemployment Americans who are looking for work, one-third of them have (not) been employed for at least six months.