So, the unemployment rate dips to 8.3% and nearly a quarter of a million people found new work in January.
Time to call BS on this whole charade.
I guarantee that the 243,000 new jobs number will be revised down drastically in coming months as each “stellar” report over the past year or so has been. As for the unemployment rate dipping to 8.3%, the lowest in three years? Of course you can get that to happen if 1.2 MILLION people drop out of the labor force in a single month, bringing the labor participation rate down to a 30 year low of 63.7%. Voila! They’re no longer unemployed!!!
THE OBAMA JOBS STRATEGY — BRINGING DOWN THE UNEMPLOYMENT RATE BY CRUSHING ONE PERSON’S HOPE AT A TIME…