Barack Obama in Allentown, PA claims that 10% Unemployment is the best jobs report since 2007 and that his Administration has created or saved 1.6 million jobs.
Huh?
The U.S. unemployment rate for persons 16 years of age and older was 4.8% in the 4th quarter up from 4.4% a year earlier, it remained below the 10 year averages for the 1970’s, 1980’s and 1990’s Source: U.S. Dept. of Labor
What is a “Saved Job” Mr. Obama?
Today’s small drop in the unemployment rate might be good news if it wasn’t for the 11,000 jobs lost—we’ve gone more than two years without creating any new jobs.
Why is the U.S. unemployment rate down 0.2% this month, because fewer people are now looking for work—the U.S. Labor force is at its lowest level since 1986
More here from the Washington Examiner