By Bill Wilson — 663,000 Americans dropped out of the workforce last month. 206,000 fewer Americans were employed. 290,000 more Americans were unemployed.
Yet, the headline will be that the unemployment rate dropped in March to 7.6 percent.
Never has the lie of the improving Obama economy ever been more starkly revealed than in today’s March unemployment report, where the consequences of the destruction of the American workforce by policies that promote government dependence over work are hidden behind a statistical drop in the percentage of workers who are unemployed.
At this rate, Obama may just make history by achieving a 0 percent unemployment rate because nobody’s in the workforce. You might just call that full unemployment.
Bill Wilson is the President of Americans for Limited Government. You can follow Bill on Twitter at @BillWilsonALG.
