Fantastic economic news!
Except, of course, the drop in unemployment is wholly caused by the fact that hundreds of thousands of Americans have simply given up looking for work. That’s hundreds of thousands in December alone. That trend has been ongoing since June 2009, when the recession theoretically ended.
But the Left will tout the falling U3 number as good news, hoping Low Information Voters will listen, and ignore the dismal reality all around them.
Assuming we ever get another GOP President, the improvement in the economy will actually *raise* the unemployment rate, as formerly discouraged workers re-enter the job seeking pool.
Oddly, it’s a good economic sign, but the press with ruthlessly tout it to damage any GOP politician.