The unemployment rate fell to 8.5% in December. However, this number fails to convey an accurate mage of what the unemployment rate truly is. Since January of 2009, when Obama became President, participation int he labor force has dropped 1.7%!
As Americans for Limited Government President Bill Wilson put it, “The private sector is rebounding in spite of the various regulatory stresses created by the Obama Administration. Once again, however, the actual unemployment rate fails to convey an accurate picture of the real employment situation, as it does not include the more than 4 million Americans who have dropped out of the economy since January 2009.”
