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When the recession supposedly officially ended in June, 2009, the labor force participation rate was still 65.7%.
In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7%, the most rapid decline in U.S. history. That means that under President Obama nearly 5 million Americans have fled the workforce in hopeless despair.
The trick is that when those 5 million are not counted as in the work force, they are not counted as unemployed either. They may desperately need and want jobs. They may be in poverty, as many undoubtedly are, with America suffering today more people in poverty than in the entire half century the Census Bureau has been counting poverty. But they are not even counted in that 8.3% unemployment rate that Obama and his media cheerleaders were so tirelessly celebrating last week.
If they were counted, the unemployment rate today would be a far more realistic 11%, better reflecting the suffering in the real economy under Obamanomics.
Wiki User
∙ 9y ago
Wiki User
∙ 15y agoInformation can be found through the Department of Labor's Bureau of Labor Statistics website: http://www.bls.gov/news.release/laus.nr0.htm
Wiki User
∙ 9y agoThe current unemployment rate is 6.9 percent. This is current as of August 2014. This number can and does change frequently.
Wiki User
∙ 13y agoAs of 10/22/10, the U.S. Bureau of Labor Statistics lists all 50 state's unemployment rates in the Related Link below
Wiki User
∙ 11y agoi thinks its like 10%.
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What was the unemployment rate in October 1984?
The unemployment rate in October, 1984 was 7.3 %.
What is the percentage of unemployment rate?
As of July 8, 2009, the national unemployment rate in the US was 9.7%. For current information, you can easily access reports from the U.S. Bureau of Labor Statistics by using Google's public data search. The above statistic was found at www.google.com with the query "unemployment rate USA". You can also specify by state and county.
1932 unemployment rate?
The unemployment rate in the United States in 1932 was about 23. 6 percent. It was the height of the Great Depression.
What was the unemployment rate in 1910?
The unemployment rate in 1910 was approximately 6%. See the Related Link below for more information.
What was the US unemployment rate in 1977?
7.50%
What is the Unemployment rate now?
What is the national unemployment rate
What is the national unemployment rate now?
currently (9-15-2011) it is at 9.9%.
How did the unemployment rate among African Americans compare to national unemployment during the great depression?
It was nearly double the national rate.
What was the black national unemployment rate for 1965?
22.9%
What is the national unemployment rate right now?
5.4%
What is California's unemployment rate?
California's unemployment rate for May 2012 is at 10.8% and is currently dropping at a rate of 0.1% monthly. The state is currently doing better than the national average, as the national average is climbing by 0.1% monthly.
How did black unemployment compare to the national rate?
It was nearly double the national rate.
In 1932 how did the unemployment rate among African-Americans compared to the overall national rate?
almost double
In 1932 how did the unemployment rate among African Americans compared to the overall national rate?
almost double
What is the Maryland employment rate?
The unemployment rate in Maryland is 7.2% . This is lower than the national average of 9.8%.
In 1932 how did the unemployment rate among African American compare to the overall national rate?
almost double
What is the national rate of unemployment?
The percentage of the total U.S workforce without jobs.
