U3 Unemployment = 8.3%. U6 = 15%. Obama = BAD President

[Will]

Unemployment Rate Rises to 8.3% in July as Labor Force Participation Falls

A Bureau of Labor Statistics report released today shows that the U.S. unemployment rate rose to 8.3% in July.

The Labor Force Participation rate fell to 63.7%.



The Washington Dispatch began tracking the current employment recovery against that following the 1980s recovery with the release of January 2012 unemployment and labor force participation figures earlier this year. In February, Labor Force Participation rose slightly. March marked a return to the overall trend of declining Labor Force Participation, which continued in April and has been the primary driving force behind falling unemployment. Labor Force Participation rose slightly in May and remained unchanged in June before declining again last month. Compare the current trend with that of the 1980s recovery:



Since unemployment peaked at 10% in October 2009, its decline has mirrored the decline in Labor Force Participation. Looking at the same number of months following peak unemployment of 10.8% in December 1982, Labor Force Participation rose while unemployment fell.

Declining labor force participation, stagnant unemployment, and anemic GDP growth under 2% continue to expose the U.S. economy to the risk of a "double-dip" recession.

The U6 Unemployment Rate, which also counts marginally attached workers and those who are employed only part-time for economic reasons, rose to 15% in July:



The average duration of unemployment continued to hover near its post-recession high, measuring 38.8 weeks in July:

Unemployment Rate Rises to 8.3% in July as Labor Force Participation Falls



Please share this on facebook with everyone who GAF about this country. Obama must go.

[Will]

Originally Posted by SGS

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

[Chris Fowler]

Labor Force Participation is the big one that the left wants ignored.

I don't get why the Romney team isn't screaming about it from the rooftops