From the Ministry of Truth:
White House Press Secretary Jay Carney explained that the number of people dropping out of the work force, which artificially depresses the unemployment rate, can be regarded as an “economic positive.”
“A large percentage of that is due to younger people getting more education, which in the end is an economic positive,” Carney said. “This increase in the number of people leaving the work force has been a trend and a fact since 2000, because of an aging population, which is not to say this is wholly — that’s not to say that I would wholly disregard as an issue.”
Well, no. The labor participation rate continued to rise, even an unemployment levels fell, from Reagan to Clinton to Bush 43. A shrinking labor pool in a growing economy is strictly an Obama-era phenomenon, and it can be explained by all the change taking away people’s hope.
In other news, drones are peace, unemployment is freedom, and ignorance is what they’re counting on.
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