Unemployment Numbers Don’t Add up to a Growing Economy

February 4th, 2011, Fairfax, VA—Americans for Limited Government Director of Communications Rick Manning, former Public Affairs Chief of Staff for the U.S. Department of Labor, today issued the following statement on today’s unemployment report:

“It simply is not credible that the unemployment rate could drop by .4% with only 36,000 jobs created. This supposed drop is at least partially a result of the Obama Administration changing the methodology for determining who was in the workforce. This change in methodology coupled with a massive drop in the top line unemployment rate leaves the data open to the perception that they may have been politically manipulated.

“However, taking the numbers at face value, the Obama Administration cannot avoid the harsh reality that their economic policies have resulted in almost one million people leaving the workforce in the past two months alone. The January reported decline of 504,000 is a startling indictment of the failure of the past two years, as Americans have voted with their feet to leave the workforce.

“The bottom line is that our nation needs to create more than 100,000 jobs a month for sustained economic growth, and this report reveals that the main driver of the unemployment rate decline is that Americans are giving up on the American dream of getting a job and making a better life for their families.

“In the past year, more than two million Americans have left the labor force with the labor participation rate dropping from 64.8% to 64.2%. The labor participation rate when Obama took office in January 2009 stood at 65.5% when Obama took office in January 2009.

“This is a devastating indictment of the Obama economic policy, and if not reversed will have severe implications for our nation’s economic future.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson and ALG Communications Director Rick Manning.