Via Drudge, from ZeroHedge:
The labor force participation rate is dropping again, both as boomers retire and everyone else gets fired and gives up, or quits and goes on welfare as they ask themselves “why am I working when I could be mooching?”
The overall numbers keep increasing, and that’s what’s keeping the unemployment rate down.
This is like having two kids in college and saying they just improved their overall GPA… because the one with poorer grades dropped out.
The Obama administration will use the drop in unemployment to say how we’re “recovering”, but we’re ultimately losing jobs (though RINOs and Democrats say we need amnesty to fill all the jobs we have… that Americans can’t seem to get). We’re losing jobs, we’re losing real wages, we’re losing quality of life, and the only people gaining are the redistributors who are giving handouts to the newly unemployed in order to buy their votes. The welfare state is having its desired effects for those who wish to control and lord over the welfare state.