The Missing Worker

THE MISSING WORKER AND THEIR EFFECTON THE UNEMPLÖYMENT RATE 12% 66.5% 11% 66.0% 10% 9% 65.5% 8% 65.0% 7% 6% 64.5% 5% 64.0% 4% 63.5% 2007 2008 2009 2010 2011 2012 2013 2014 LEGEND --- The True Unemployment Rate: When the size of the participation rate is adjusted to account for the workers that should be in the labor force but have given up actively seeking work, the unemployment rate remains elevated well above 10 percent. The BLS Unemployment Rate: On the other hand, since the Bureau of Labr Statistics' only measures the unemployed that are actively seeking work, as the participation rate plunges so does the unemployed's share of the labor force. As a result, the BLS unemployment rate trends downward despite million of workers leaving the labor force. The Romer-Bernstein Graph: In 2009, the incoming Obama Administration released a detailed projection of the effect the The Participation Rate: The Bureau of Labor Statistics' Labor Force Participation Rate measures the portion of the civilian population actively working or seeking work. During the Obama administration it has plunged as millions of workers have become discouraged and dropped out of the labor force. stimulus would have on the unemployment rate. Today,. it continues to divorce itself from the economic reality. REPUBLICAN NATIONAL COMMITTEE - RESEARCH DEPARTMENT GỌP.com RNCResearch.Tumblr.com Paid For By The Republican National Committee Sources: 310 First Street SE, Washington, DC 20003 Bureau of Labor Statistics, Accessed 2/3/12 Not Endorsed By Any Candidate Or Candidate's Committee Christina Romer & Jared Bernstein, "The Job Impact Of The American Recovery And Reinvestment Plan," January 9, 2009 UNEMPLOYMENT RATE PARTICIPATION RATE