Nov 202014
From the Bureau of Labor Statistics:
Labor Force Statistics from the Current Population Survey
The “labor force participation rate,” basically the percentage of the civilian population over the age of 16 who actually have jobs, is 62.8 percent for October, 2014. This means the *actual* rate of unemployment in the US is nearly forty percent; the only reason why it is generally listed as being much lower is because most of the unemployed have stopped looking for a job, and are thus no longer considered unemployed (it doesn’t make a lick of rational sense, but this is politics we’re talking about here).
And the rate has been dropping steadily:
So clearly, what the US needs is Even More low-skilled foreign workers flooding in.
Yay, imperial fiat!