March 11th, 2013, 10:41 am
labor force participation from st louis fedReal unemployment data reveals dire labor participation rate QuoteThe percentage of working-age Americans who are either employed or actively in search of a job was reported as 63.6 percent for November 2012, two percentage points lower than the previous month and the worst the country has seen since 1978. (snip)?According to the government, another 350,000 Americans left the labor force during November, and when you keep pretending that huge chunks of workers ?disappear? each month it is easy to get the ?unemployment rate? to go down,? wrote economy blogger Michael Snyder, who acknowledges that the number of Americans ?not in the labor force? has grown by almost 8.5 million since the Obama administration began.(snip)Among opponents of the president?s politics behind jobs figures, the truth behind employment numbers is an example of how the current White House?s policies have not done as promised.?If the labor force participation rate were the same as when the president took office, the unemployment rate would be 10.7 percent,? Senator John Barrasso (R-Wyoming) said Friday.>> So, what is the real unemployment level in your opinion? going by the above, about 10.6%