Marathon Pundit: Jobless rate down to 8.1%--fewer Americans in workforce

Friday, May 04, 2012

Jobless rate down to 8.1%--fewer Americans in workforce

The national unemployment rate fell again in April--it's down to 8.1 percent. However, the size of the workforce fell to fell from 63.6 percent to 63.8 percent, which is the lowest since 1981.

That's why the unemployment rate fell from 8.2 percent.

Once again I have to bring up that the White House promised that if their since-failed stimulus was enacted, the jobless rate would not exceed 8 percent. It's been over that level for three years.

Heckuva job, Barack.

Rep. Adam Kinzinger (R-IL) issued a statement about the latest jobless figures:

Do you remember the chart the president's economic team put out that projected with the 'stimulus' unemployment would never rise above 8 percent? What about the press conference where the president said 90 percent of the jobs created by the 'stimulus' would be private sector jobs?

None of those promises panned out. If anything, things have gotten worse – and according to today's report by the Department of Labor, unemployment remains above 8 percent for April.

Kinzinger

About half of college graduates are unemployed or underemployed in this weak economy. We can’t continue to follow the same failed agenda that has driven job creators further into doubt and uncertainty.

The road to refueling our economy and creating jobs means tackling our debt head on; simplifying the tax code; reining in Washington's red tape factory; and making our nation energy secure by moving policy forward like the Keystone XL Pipeline which would help lower costs at the pump and create jobs here at home.