By Rick Manning
Let’s play June unemployment report Jeopardy.
And the answer is: What are 652,000 Americans exiting the civilian labor force - more than the entire population of the City of Boston, Massachusetts.
Question: The explanation for how our nation’s economy could lose 125,000 jobs in the month of June and still have the unemployment rate fall from 9.7 to 9.5%?
Think about the magnitude of the number 652,000 people. It is as if an alien mother ship dropped down and eliminated every resident of the District of Columbia and took a few people from Maryland and Virginia as well. It is as if the entire city of Boston just decided to stop participating in the nation’s labor force. It is a huge number of people.
And it is a gigantic no-confidence vote for Obama’s economic policy from those who matter most – the American worker.
Get full story here.
Let’s play June unemployment report Jeopardy.
And the answer is: What are 652,000 Americans exiting the civilian labor force - more than the entire population of the City of Boston, Massachusetts.
Question: The explanation for how our nation’s economy could lose 125,000 jobs in the month of June and still have the unemployment rate fall from 9.7 to 9.5%?
Think about the magnitude of the number 652,000 people. It is as if an alien mother ship dropped down and eliminated every resident of the District of Columbia and took a few people from Maryland and Virginia as well. It is as if the entire city of Boston just decided to stop participating in the nation’s labor force. It is a huge number of people.
And it is a gigantic no-confidence vote for Obama’s economic policy from those who matter most – the American worker.
Get full story here.
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