04.06.2012 0

Unemployment rate 8.2%; 31,000 fewer Americans employed in March than February

By Bill Wilson — Obama’s U.S. Department of Labor loses more credibility every month as they announced a lower unemployment rate in March, while at the same time 31,000 fewer Americans actually had jobs than the previous month.  In spite of all the happy talk out of Obama’s official Washington, D.C., the fact is that fewer Americans were working last month than the previous one.  That is not a recovery, it is an economic disaster for millions of families.

The fact is, since Obama took office 4.683 million people have dropped out of the labor force. If they were included in today’s unemployment report, the jobless rate would be 10.8 percent, and the underemployed rate 17 percent. All together 27.1 million Americans cannot find full-time work in the Obama economy.

Bill Wilson is the President of Americans for Limited Government. You can follow him on Twitter at @BillWilsonALG.

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Understanding the Unemployment Rate

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