I cannot say this enough, for the next month or so the new jobs numbers will rise a little due to holiday season shopping However, remember, those current full time employed workers who are having their work status cut to part time hours (as a result of ObamaCare) are being considered and counted as “new jobs”. This is why, when you add together all factors of this, honest opinion on these number totals puts the real actual unemployment rate far higher than the one the liberal MSM reports…
A record high 91,541,000 Americans did not participate in the labor force this October.
According to data from the Bureau of Labor Statistics (BLS), 932,000 people dropped out of the labor force last month, from at total of 90,609,000 in September to 91,541,000 in October.
The BLS defines a person “[n]ot in the labor force” as age 16 and older who are not employed and not considered to be unemployed as they have not looked for work in the four weeks prior to the survey.
The labor force participation rate — or all employed and unemployed people — in accordance with the decline, also hit a record low at 62.8 percent.
When President Obama took office in January 2009, the labor force participation rate was 65.7 percent.