The 7.4% unemployment rate being ballyhooed by the Administration is a flat out lie. I pointed out several months ago that Obama had changed the method of calculating the unemployment rate. Here are the facts: America remains mired in the Great Obama Depression. The true numbers from the Bureau of Labor Statistics show an America that is in economic collapse.
Almost 90 million Americans are out of a job. The workforce participation rate — the percentage of adults who are participating in the work force — dropped again in July. It is now 63.4 percent, down from 63.5 percent; over one third of American adults are not in the labor force. Only 47% of working American adults have full-time jobs. 2.7 million Americans are in temporary jobs. The actual unemployment rate using the same measure used prior to the sneaky Obama switch is over 14%.
These continued lies and misrepresentations are of no comfort to Americans pounding the streets looking for work. They also fail to put food on the table, clothes on the back and a roof over your head.
That's MY AMERICAN OPINION, respectfully submitted.
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