Another 1.2 million people dropped out the US workforce in January, a record. If you add back in the 5 million people who have permanently dropped out the labor force, as reflected in the historical average workforce participations rates, the “implied” unemployment rate would be 11.5 percent and rising, not falling. (Free Republic)

White House Secretary Jay Carney told reporters today that the millions of people dropping out of the workforce is an “economic positive.”
NewsOK reported, via Weasel Zippers:

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 lot of that is due to younger people getting more of an education, which is an economic positive,” Carney said. He had been asked what would happen when people “inevitably” raise the unemployment rating with their return to the work force.

He also noted that “an aging population” going into retirement has contributed to the number of people dropping out of the work force.

 

 

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  1. Not shopping for bread will leave more on the shelves. And that’s good, right?

  2. He also noted that “an aging population” going into retirement has contributed to the number of people dropping out of the work force.
    **********************

    http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Labor%20Force%20Part%20Rate.jpg

  3. Evil is upon us, it’s name is Obama.

    We are in rare times. Keep the faith.

    Powder is dry.

    That’s right, clinging to my guns and religion.

  4. ++

    just a reminder..

    back-door tax increase..

    ==

  5. The true Church will be gone soon.

  6. OK, I think it’s really called how stupid are you …

  7. An economic positive will be when the entire administration drops out of work ;)

  8. This is the essence of the Cloward-Piven strategy to accelerate social upheaval to collapse society right into the waiting tentacles of an all-powerful, centralized government, that is, a totalitarian state.

    Ameritopia – read it.

  9. And we need to nominate a statist to win this election?

    How anyone can argue this and believe this country isn’t finished is beyond me. But I’m sure many do.

  10. and suicide is painless….70 year olds swallowing the red pill will also be “economic positive”…>> http://youtu.be/BVUXPjFWfX4

  11. the carnival is minus it barker-tha main carney

  12. Carney. Idiot. But I repeat myself.

  13. Think about this:

    the population of Dallas is approximately 1.2 million

    so basically we had the equivalent of the population of Dallas drop out of the workforce last year.

    Man, I’m feeling that Hope and Change . . .

  14. Once, dear Lord, JUST ONCE I’d love to hear a so-called “journalist” ask Carney if he actually BELIEVES the crap that comes out of his own mouth.

  15. And these are the same people that are inches from grabbing the entire healthcare industry in America. Think about it.

  16. Odummer’s waterboy………..needs a head-check……….does he really think that anyone believes this {BS]. he’s trying to sell……..Only in Odummer’s world could being unemployed and collecting foodstamps be considered “economic positive”………just sayin

  17. so…people are staying out of the workforce due to their being no jobs. and it’s a positive?

  18. Why would anyone support this administration? Just how stupid would you have to be to buy their BS?

  19. Of course it’s an “economic positive” — because that’s what they had to use to get a “positive” outcome for their purposes.

    The present administration can’t do any math, but we can.



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