labor participation rate has dropped more than 3% since Obama became president. The LPR drops during periods of weak economic growth, and rises during people of strong economic growth. People QUIT looking for work because good paying jobs can't be found, and that's how Obama reduced the unemployment rate, it's a lie. instead of working people look to government programs, and that has surged under Obama, the only thing that increased besides the deficit.
If the LPR remained constant, Obama owns an UE rate greater than 8% for his entire term, a complete failure in any other generation.
Here's how Obama reduced UE.
He starts with 10 people looking for work and only 6 have jobs, the UE rate is 40%
2 people quit looking for work, now 8 people are in the labor force and 6 have jobs, he just reduced the unemployment rate to only 25%
that's what happened, that's how he reduced the UE rate
it's a house of cards, a lie, a mirage
the economy has been growing at 2% or less for 8 fucking years, you can't suck that bad and grow. He's the 1st president in recorded history to not have at least ONE year with 3% growth.
it's not rocket science either, increased taxes and increased regulations slow the economy down, he's an economic anchor holding us down, the proof is in the pudding