Breitbart.com posted an article today about the latest jobs report. The article points out that the dip in the unemployment rate was the result of over a half-million people dropping out of the workforce.
The article also points out:
Over the last five months, 73% of all jobs created were government jobs. Moreover, the unemployment rate for government workers plunged to 3.8% in November — which is considered full employment.
Logically, when the civilian workforce is smaller, fewer people are paying taxes, and the money to fund the government shrinks.
The article reminds us:
Even though deficits rule the day at every level of government, according to the Bureau of Labor Statistics, of the 847,000 new jobs created since June, a full 621,000 were government jobs. In November alone, 35,000 new government jobs were created.
In other words, as the labor participation rate plummets to a thirty year low — which means we have fewer taxpayers — we’re not only increasing the number of taxpayer-funded jobs, but the government is using the creation of these jobs to juice the employment numbers in a way that makes it look as though the job situation is actually improving.
I would be very surprised to see any of these numbers reported in the mainstream media.