Yesterday Breitbart posted some of the facts the media seems to have missed in reporting on the jobless numbers this week. The article quotes James Pethokoukis at the American Enterprise Institute (AEI):
The labor force participation rate fell again as potential workers stopped looking for work. … [I]f the LFP rate was where it was in January 2009, the unemployment rate would be 10.8%. …
The share of the unemployed out of work for 27 weeks or longer increased to 40.2% from 38.1% in January.
The employment-population ratio is exactly where it was a year ago, at an almost rock-bottom 58.6%.
This really doesn’t look like much of an economic recovery to me.