While the Obama Administration is out there touting the 8.3% unemployment rate (as if that is good news) the reality is that this number was only possible because millions of Americans have stopped looking for work.
Notice the sharp drop off in those employed or looking for work AFTER the passage of Obama's stimulus bill in 2009 which the Administration promised would keep unemployment below 8% and by now would actually be around 6%.
More charts and links to Bureau of Labor stats here.
The Bureau of Labor Statistics table of non farm not seasonally adjusted figures show December employment (number of jobs) at 132,952,000. For January, the number plunges to 130,206,000. A drop of over 2,700,000. Yet somehow that math wizards in Obama land chortle that they have created over 200,000 jobs. Maybe that's true if you just do not count the rest who lost their job or gave up looking.
The failure of Obama's economic policies are an undeniable FACT. The recovery will begin the day his replacement is elected!
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