Directly contradicting President Obama’s claim yesterday that the recovery is “very real”, the latest jobs numbers show an employment situation that even White House friendly MSNBC had to call “ugly” and “very bad.”

From a political perspective, there is a silver lining – the unemployment rate, which most news outlets report on, dropped to 6.7% from the previously reported 7%. Unfortunately, it was due almost entirely due to Americans giving up on finding a job and leaving the workforce.

91.8 million Americans are not in the workforce as of this month’s report – a new record. The labor participation rate, a measure of the percentage of the working age population that is working, dropped to 62.8%, a level not seen since Jimmy Carter was president.

5 times as many people left the workforce than the number of jobs the economy created.

As the current administration sees these numbers as a recovery, it should not be long at all before they take a victory lap – right about the time we have about 50% of all working age Americans employed and a 3% unemployment rate because everyone else has given up on even trying to find a job.

Rich Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Bald Eagle Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and GETTR

Share
Published by
Rich Mitchell

Recent Posts

US Economy Rebounds In Second Quarter Of 2025

U.S. real gross domestic product (GDP) increased at an annual rate of 3.0% in the…

7 hours ago

Operation Deflection

Despite Trump’s historic first few months in office, rejuvenating the economy, securing the border, etc.,…

7 hours ago

Trump Says Epstein ‘Stole’ Female Workers From Mar-A-Lago Spa Staff

President Donald Trump told reporters on Tuesday that he ended his friendship with disgraced financier…

18 hours ago

Green Activist Groups Fighting To Stay Afloat As Trump Terminates Biden Bucks

Several major green non-governmental organizations are reportedly struggling to stay afloat now that the Trump…

18 hours ago

President Donald Trump’s Schedule for Wednesday, July 30, 2025

Schedule Summary: President Donald Trump will sign a bill and deliver a speech on Wednesday.…

18 hours ago

Look Europe In The Eye

Are you repelled by Europe – Spain, France, the U.K., Ireland, and more? Outraged by…

1 day ago