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More Are Quitting the
Workforce Than Getting Jobs

Investor´s Business Daily, by Editorial

Original Article

Posted By:Desert Fox, 3/8/2013 6:55:58 PM

Jobs: Who can complain about nearly a quarter-million jobs created in February? Until, that is, you learn that more people left the labor force than got new jobs, continuing a long-term trend under President Obama. The White House, which is always quick to caution about reading too much into a bad monthly jobs report, was eager to tout the February numbers as evidence that the nearly four-year-old recovery is finally "gaining traction." Why not celebrate? The economy added 236,000 jobs and the unemployment rate dropped to 7.7%, the lowest it´s been since December 2008.

      


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Reply 1 - Posted by: horacer, 3/8/2013 7:42:12 PM     (No. 9215769)

We lost full time jobs again last month. That´s not getting talked about. We´re losing full time jobs. 77,000 in February. The number of individuals working more than one job is rising. Part time work is all there is. Put a happy face on that.

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Reply 2 - Posted by: ocjim, 3/8/2013 9:38:43 PM     (No. 9215913)

Yup, the Workforce Participation is in the low sixties. Unlike several other ´´employment´´ stats, it´s hard to lie and mislead with that stat. So our elite news media reports the almost useless ´´unemployment rate.´´ And the country´s dumb enough these days to buy it. If a couple million more stop looking for work will have unemployment down in the low five percent. Barry´s never shut up about that faux achievement if it happened.

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