These stories usually don’t allow for the number of people who have dropped out of the workforce altogether. Focussing solely on the official unemployment rate presents a skewed positive picture.
Don Emmert | AFP | Getty Images Taken together, the numbers show that there's more to meets the eye than a headline…www.cnbc.com
My rough understanding is that if the workforce participation rate was kept at the same level as the Bush administration, then the unemployment rate would be significantly higher.
Bureau of Labor Statistics data shows an unmistakable decline in the Labor Force Participation Rate under President…www.forbes.com
Troy Harvey | Bloomberg | Getty Images The national unemployment rate fell to 4.9 percent in October, the Labor…www.cnbc.com
Using the official unemployment rate as the sole evaluation of the economy falls under lies, damned lies and statistics.