MARCH 11, 2015

354,000 leave labor force, driving unemployment rate down

FAIRFAX, Va.—Americans for Limited Government President Rick Manning today issued the following statement on the latest jobs numbers:

"If the Bureau of Labor Statistics February household survey is to be believed, the unemployment rate dropped by 0.2 percent, with only 96,000 more Americans finding employment.  Shockingly, a seasonally adjusted 354,000 more people dropped out the civilian labor force, accounting for most of the drop in the jobless rate. On an unadjusted basis, 56 percent of those who left according to the agency were under the age of 65. So, while some are cheering this report as being good news, the sad truth is that about a quarter million more Americans gave up hope of finding work.  That is an economic disaster."


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