Yeah, rly?

moving the goal posts

The U.S. economy added 157,000 new jobs in January and the unemployment rate ticked up to 7.9%, the Labor Department said Friday.

U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data.

U-6 January 2013 “Not seasonally adjusted” – 15.4
“seasonally adjusted”: – 14.4

there are currently 8.5 million more Americans not in the labor force than just four years ago.

…This continued explosion of people not in the labor force should be tremendously concerning as it represents an obstacle for the government to ever balance the budget without drastically raising taxes on those still working.

5 Comments!

  1. Jess
    Posted February 1, 2013 at 9:03 am |

    Is it acceptable to impeach a President for gross mismanagement?

  2. geezerette
    Posted February 1, 2013 at 9:51 am |

    Now what do you think would be blaring across the air waves if the country had that evil Bush or Romney for a president?

  3. dick, not quite dead white guy
    Posted February 1, 2013 at 12:36 pm |

    There are lies and then there are goddam motherfucking baldfaced lying lies.

    Tea Party – Rush has been talking about U-6 for about four years, …
    Progs – But he ‘s a liar and a terrorist and the head of the Republican party, yah see? So we don’t believe him or listen to him, yah see?
    Impeach Bush.

  4. N.O'Really
    Posted February 1, 2013 at 6:00 pm |

    A running tally of businesses and agencies shutting their doors, declaring bankruptcy or laying people off.

  5. Melissa In Texas
    Posted February 1, 2013 at 6:47 pm |

    but…. but….
    It is all gonna be fixed with the new immigration proposal!