Friday, October 3, 2014

America- the Prosperous

Hooray! Unemployment has dipped below six percent. Our Federal masters today announced joblessness is at a mere 5.9 percent. This figure would be the lowest unemployment number since the years of the administration of George W. Bush. Those crowing about the "improved numbers" do not want you to notice that the labor participation rate in America is at its lowest point ever. Only 62.7 percent of able-bodied adults are working or seeking work. More than ninety million potential workers have simply thrown in the towel and are living off the government dole or surviving economically by some other means (i.e. off the books employment in some black market or perhaps by barter). In spite of what Obama administration spin masters and their main stream media flunkies say, these are not good times for the vast majority in the beyond broke American economy.

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