Meet the NILFs

"Not in Labor Force" numbers continue to skyrocket.  If labor force participation had remained at historical US levels rather than moving to French levels, unemployment would be over 11 percent.  We have imported the worst aspects of Eurosclerosis while running insane, unsustainable (and if you include the unfunded future liabilities - aka: 'lies') unprecedented deficits.  In time of 'recovery' and 'prosperity'.

Hope.  Change!  Hattip NRO.

Through the magic of Washington Math and the Obama Labor Department, the metric “unemployment rate” has become as nonsensical as “jobs created or saved” by the stimulus. The Obamedia creates a free campaign ad out of the purported drop from 8.3% to 8.2% (i.e., from appalling to marginally less appalling), but meantime millions have been added to the black-hole category of “Not In the Labor Force” — people who are so discouraged that they are not looking for work. That number is at an all-time high: 88 million. Thus the labor force participation rate, at under 64%, is lower than it’s been in 30 years. Mish Schedlock concludes, “Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.”