In a single month, 1.2 million people disappeared from the job force. This is how the bogus low, U3 unemployment percentages were derived.
Did this 1.2 million people merely give up looking for work, or did they die from the rampant drug shortages we have been experiencing for the last 2 years.
Pharmer thinks the deaths from drug shortages are not that high yet ;-). The Obama administration is just fudging the numbers, as we knew would happen.
The civilian labor force participation rate is at 63.7%, which is a 30 year low.
The Bureau of Labor Statistics will be eliminating half of the people who are able to work from the unemployment calculation. In this way they will report that the economy has cured itself, and all is rosy by the time of election 2012.
The only problem is that it won’t be true, and Obama will NOT be feeling your pain.