Message to the State Controlled Media and American sheeple mind-numbed with American Idol, DWTS, and porn:
The Economy Is Not Improving.
The Economy Is Getting Worse.
The reason why the unemployment rate has dropped to 8.1% in the latest report released last Friday is this:
The government’s jobless rate is not actually a measure of unemployment. Instead, the so-called jobless rate is merely the number of Americans who apply for unemployment benefits. This means that the official unemployment rate does NOT include millions of Americans who are unemployed but who do not qualify for unemployment benefits because they:
- Were self-employed; or
- Have exhausted their unemployment benefits; or
- Have given up looking for work and have dropped out of the labor force entirely.
This is the reason why the official rate of unemployment has “dropped” to 8.1%:
More Americans have dropped out of the labor force and thus no longer qualify for unemployment benefits.
Tyler Durden reports for ZeroHedge, May 4, 2012, that in April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000.
This is the highest on record.
The reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
These two graphs are the evidence (click graph to enlarge):
If the embedded link to ZeroHedge doesn’t work, here’s the link to the cached copy of the article: