According to the Bureau of Labor Statistics, the unemployment rate has dropped to 7 percent.
The unemployment rate declined from 7.3 percent to 7.0 percent in November, and total
nonfarm payroll employment rose by 203,000, the U.S. Bureau of Labor Statistics
reported today. Employment increased in transportation and warehousing, health care,
While 7 percent sounds positive, it's important to keep in mind the labor participation rate hasn't gone up more than .2 percent, which means people who have left the labor force aren't coming back. According to numbers crunched by CNSNews, more than 90 million people are not in the labor force.
|Katie Pavlich is the News Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is also the author of Fast and Furious: Barack Obama's Bloodiest Scandal and the Shameless Cover-Up.
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Author Photo credit: Jensen Sutta Photography