Joe Biden is out on the stump yelling at supporters, like only Joe can do, that "there is no QUIT in the US"
I guess Joe hasn't read this headline
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Looks as if there is a lot of QUITTING in the US under the Obama Biden Administration. :roll:
I guess Joe hasn't read this headline
Read more: http://www.dailymail.co.uk/news/article-2199815/Obamas-DNC-2012-speech-Bleak-unemployment-numbers-morning-Obama-tells-DNC-problems-solved.html#ixzz2A4OEXwC6Are you better off? Just 96,000 jobs added in August as 368,000 people LEAVE the workforce in bleak employment report dealing blow to Obama re-election hopes
Lowest workforce participation rate since September 1981
Jobless rate drops to 8.1 per cent but only because workforce shrinks
President Barack Obama knew of figures before big speech
By Toby Harnden In Charlotte, North Carolina
PUBLISHED:13:07 GMT, 7 September 2012| UPDATED: 18:30 GMT, 7 September 2012
Just 96,000 American jobs were added in August in a bleak monthly jobs report as 368,000 left the workforce, bringing labour market participation down to its lowest level for 31 years and dealing a blow to President Barack Obama’s re-election chances.
The national unemployment rate dropped to 8.1 per cent, down from 8.2 per cent, but this was only because so many people gave up looking for work. If the participation rate had not dropped so precipitously, unemployment would have risen to 8.4 per cent.
Factory employment fell by the most in two years and temporary-help companies eliminated positions for the first time in five months. The 69.9 per cent labor force participation rate for men is at lowest level recorded since the US government began tracking it in 1948.
According to James Pethokoukis of the American Enterprise Institute, the unemployment rate would be 11.2 per cent if the labour force participation rate had remained what it was when Obama took office in January 2009. The U.S. Labour Department also said that 41,000 fewer jobs were created in June and July than previously reported.
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Looks as if there is a lot of QUITTING in the US under the Obama Biden Administration. :roll: