Unemployment rate drop based on labor participation drop

Dec. 2, 2016, Fairfax, Va.—Americans for Limited Government senior editor Robert Romano today issued the following statement in response to the latest jobs numbers:

“During the Christmas shopping season when seasonal hiring should be ramping up, it is troubling to see the labor participation rate actually dropped in November, which is one of the reasons the unemployment rate has dropped markedly today. More people left the labor force than found jobs in the household survey. The fact is, if the more than 8.5 million working age adults 16-64 who have left the labor since 1997 were included in the unemployment rate today, it would be well north of 9 percent. The incoming Trump administration has a lot of work to do to get the economy moving again and help Americans get back to work.”

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