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May022014

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

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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." 

To view online: http://getliberty.org/1-million-leave-labor-force-as-economy-sheds-73000-jobs/ 

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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 visit our website at www.GetLiberty.org.

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