President Obama chats with Paul Kelly in Nevada | Washington Post
On Friday, Reuters reported that all but two states saw a drop in unemployment rates than where they were in April 2011. That’s great news. My take away is that despite all the campaign rhetoric based on misrepresentations Mitt Romney and his party are throwing at us, coupled with the GOP’s determination to disrupt or stop any of the President’s economic proposals, President Obama’s plans are working (including Ohio, Nevada and Florida).
“According to Labor Department data released on Friday, New York’s rate rose to 8.5 percent, marking the third month in a row in which New York was the sole state with an unemployment rate higher than the year before. Rhode Island’s was the same as in April 2011, 11.2 percent.
Compared with March, jobless rates fell in 37 states and the District of Columbia, rose in five, and were unchanged in eight states. North Dakota again notched the lowest rate, 3 percent. “[....]
This wouldn’t be a problem for Romney if his campaign was based on facts including a consistent clear message and plan to improve upon what’s already taking place. Sadly, Romney has nothing, forcing him to create economic scenarios that don’t exist, or embark on feeble attempts to take credit for the President’s accomplishments. There was a time when this sort of pandering to the public may have worked. In today’s world of instant replay, such tactics by Romney make him look ridiculous and small.
Is that before or after you remove the stats for early retirement and regular retirement for us baby boomers who represent a significant part of our population?
I would say that the stats are calculated the same way as they have been for decades, so that year over year, decade over decade, comparable comparisons can be made (without having to worry about who might have changed the calculation this year or that year for their own gain). So, the stats being calculated the same way as they always have been — not having to factor additionally for “…before or after you remove the stats for early retirement and regular retirement…” — clearly indicate that the workforce participation rate is the lowest its been since 1981.
(The rest of the story….) What that article doesn’t state is that experts agree that the current drop in unemployment rate is mostly caused by individuals dropping out of the workforce. Workforce participation rate is the lowest its been since 1981.