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Elaine Chao: Real Unemployment Numbers Are Double
..."Figures out on Friday showed that the unemployment rate had fallen to 8.3 percent from 8.5 percent in January. But the “real unemployment” rate – which includes those who have become so discouraged they are no longer actively seeking work and part-time workers who would like full-time employment is still above 15 percent.
The figures also showed that a whopping 1.2 million people had dropped out of the workforce in one month, leaving the active labor force at 63.7 percent of the population, the lowest in 30 years. When Obama came into power that figure stood at 66.2 percent, figures from the Bureau of Labor Statistics show." NEWSMAX