Jobs Report Numbers at Odds With Obama’s Economic Spin

The government does not count people not looking for work as unemployed. Their exit caused the labor force participation rate to drop 0.2 percentage points

James Sherk, --June 3, 2016

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On Wednesday, President Barack Obama took an economic victory lap in Elkhart, Indiana. The Bureau of Labor Statistics’ employment report, which came out Friday, shows he was far too optimistic. Both the household and payroll surveys showed employment growth slowing to a crawl in May, while hundreds of thousands of Americans stopped looking for work. Seven years after the recession officially ended, the economy is not out of the woods. The Bureau of Labor Statistics has two principal employment surveys: the household survey (which interviews workers) and the payroll survey (which interviews businesses). Both showed tepid job growth in May. Read more...

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