Monday, March 12, 2012

What Recovery?

What Recovery? | Washington Free Beacon
The labor force participation rate—63.9 percent in February—remains at a near-historic low.
 Individuals who have stopped looking for work do not count toward the unemployment rate, masking the true extent of the jobs crisis.
Federal Reserve Chairman Ben Bernanke told members of Congress last month that the current unemployment rate as calculated by the administration “no doubt understates the weakness in the labor market in some broad sense.”

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