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Friday, May 04, 2012

Fraudulent Unemployment Rate Dips as 350K More Drop Out of Labor Force

The media and Obama administration are doing their best to create a fraudulent picture of the employment situation, as only 115K jobs were created (lower than needed to keep unemployment steady), but the "unemployment rate" magically dipped to 8.1% as 350,000 more Americans left the work force.

This is a farce - the Labor Dept makes guesses about the labor force participation rate and has estimated that over 6 million people have left the labor force in the past 3 years.  Jobs are nowhere to be found, but the "rate" keeps dropping.  They are determined to get it to below 8% by election day, even if no jobs are ever created.