Unemployment is down because so many people have given up. Simply because the jobs are not out there.
People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels
Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."~snip~For those who need charts they are at the link.
Unfortunately it's just not the democrats and pandering RINO's who don't understand how the economy works. Just go to facebook and choose some liberal "progressive" time lines and behold the number of ninnies that are out there.
There's one guy I read who claims that if only the minimum wage was raised by several dollars then welfare will basically disappear................ I know right?
I realize that there are some people who would rather sit back and collect from uncle sugar and not bother to work at all but the reality is that Obama and the democrats are doing everything they can to stifle business and kill jobs. A lot of those who've dropped out of the workforce for disability, welfare and other entitlement benefits are doing it to survive.
Want to stimulate hiring?
Remove the uncertainty of Obamacare, get the democrats to quit threatening to raise taxes, create a budget and repeal bullshit regulations that burden business.
Do at least that much and then see what the participation rate is or we can continue on this path and see if we can out malaise the Jimmy Carter era.