BLS Nailed

Tennessee Congresswoman Marsha Blackburn commented on yesterday’s jobs report: “I was disappointed in the April Jobs Report from the Bureau of Labor Statistics. The unemployment rate dropped to 6.3%, but the numbers are misleading because 806,000 people dropped out of the workforce. Hours and wages remained the same in a sign that the economy continues to be stagnant.” We could have 0% unemployment if more people would just stop looking for a job now, wouldn’t we? But that wouldn’t mean the country was doing well.

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