Obama Illinois high unemployment reveals Labor Force Participation rate impact on unemployment rate, IL jumps to 9 percent with labor force reentrants

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“As today’s labor release from the Bureau of Labor Statistics shows, Illinois’ unemployment rate jumped to 9 percent, a 0.4 percent increase over December’s 8.6 percent rate. Even before the increase in January, Illinois had the 9th highest unemployment rate in the nation.

The increase is due to almost 23,000 Illinoisans rejoining the workforce to look for work again. Unfortunately, Illinois’s worsening economic climate means there is very little work to find.”…Illinois Review Mar 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

We have continued to reveal the real unemployment rate in the US as being much higher due to the shrinking labor force participation rate, i.e., the large numbers of people who have dropped out of the labor force. In Obama’s home state of Illinois we have a good example of how this works when some of those people attempt to reenter the job market.

From Illinois Review March 10, 2013.
“ILLINOIS’ UNEMPLOYMENT RATE JUMPED TO 9 PERCENT”

“As today’s labor release from the Bureau of Labor Statistics shows, Illinois’ unemployment rate jumped to 9 percent, a 0.4 percent increase over December’s 8.6 percent rate. Even before the increase in January, Illinois had the 9th highest unemployment rate in the nation.

The increase is due to almost 23,000 Illinoisans rejoining the workforce to look for work again. Unfortunately, Illinois’s worsening economic climate means there is very little work to find.

The state’s unemployment rate is now nearly the same as it was one full year ago, when the unemployment rate stood at 9.1 percent. ”

http://illinoisreview.typepad.com/illinoisreview/2013/03/illinois-unemployment-rate-jumped-to-9-percent.html#more

The US Labor Force Participation Rate when Obama took the White House in January of 2009 was 65.7 percent. Since then it has dropped 2.2 percent to 63.5 percent. That 2.2 percent is not reflected in the stated unemployment rate.

Also in January of 2009 there were 5.7 million people who want a job now. Last month there were 6.8 million who want a job now.

This information comes directly from the US Labor Dept.

Pass this information along to low information voters.