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"Wrong . . . " |
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Message Replied To ========== Yes, but as Lava points out below, it's moving the goal posts because that was never the standard until Blackenstein became President.============================== https://thinkprogress.org/the-straight-truth-about-the-bush-economy-f0d791c46433#.ik7orfisq The only reason the unemployment rate has fallen to 5% is that a smaller share of the population is working or actively seeking work today compared to before the recession. If labor force participation were as high today, as it was before the recession the unemployment rate would be 6.6% — 1.6 points higher than today’s official number [BLS] — Indeed, this is the first time on record that portion of the population holding a job is down 48 months after the end of a recession.
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