Obama Economy - The Final Chapter

[whell]

Originally Posted by bobabode

Despite Whell's misleading statement, the unemployment rate dropped to 4.7% under President Obama.

No misleading at all, Bob. Unemployment is expressed as a percentage, which is also a fraction. You can lower the percentage by lowering the numerator or increasing the denominator.

While the number folks accepting employment increased, the number of folks dropping out of the labor force also decreased. Some dropped out because they retired. (Some folks who retired also returned to the workforce as well, working to supplement retirement income.) Some dropped out because they stopped or gave up looking for work.