April 6, 2012, Fairfax, VA--Americans for Limited Government President Bill Wilson issued the following statement on the just released March unemployment rate.
"Obama's U.S. Department of Labor loses more credibility every month as they announced a lower unemployment rate in March, while at the same time 31,000 fewer Americans actually had jobs than the previous month. In spite of all the happy talk out of Obama's official Washington, D.C., the fact is that fewer Americans were working last month than the previous one. That is not a recovery, it is an economic disaster for millions of families.
"The fact is, since Obama took office 4.683 million people have dropped out of the labor force. If they were included in today's unemployment report, the jobless rate would be 10.8 percent, and the underemployed rate 17 percent. All together 27.1 million Americans cannot find full-time work in the Obama economy."
Americans for Limited Government will be releasing an update of their article, "Understanding the Unemployment Rate" within the hour incorporating and providing analysis of the March unemployment data.
Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.