Tuesday, February 7, 2012

American Jobs Fallacy

By Christopher Markowski

The mainstream media could hardly hold back their glee with the January jobs report released by the Bureau of Labor Statistics, which showed our unemployment rate dropping to 8.3%. Hold the Dom Perignon!  The numbers are not what they seem.  In a report worthy of Soviet Central Planning, a record 1.2 million people “disappeared" from the labor force last month.  The labor participation rate is now down to a fresh thirty year low.  When looking at the internal numbers even closer, it actually gets worse. Do any of the candidates have the right stuff on job creation?

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