1 million leave labor force as economy sheds 73,000 jobs

 May 2, 2014, Fairfax, Va.—Americans for Limited Government President Nathan Mehrens today issued the following statement in response to the latest jobs numbers:

“The unemployment rate dropped by 0.4 percent, but that is owed almost entirely to 1 million people leaving the labor force. 73,000 jobs were lost, according to the Bureau’s household survey. This is not a good report. We’re not creating jobs, and the only reason the rate dropped is because so many people gave up looking for work. This coupled with weak first quarter growth calls into question continued stimulus policies by the Federal Reserve, and Obama’s regulatory stranglehold on job creators.”

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