The Stimulus Chart Obama Doesn’t Want You to See
Three years ago today, President Obama signed his infamous stimulus package into law. In exchange for $1.2 trillion (including interest), liberals said their plan would bring the unemployment rate down to about 6% today. It hasn’t fallen below 8% at any point in the last 36 months.
There has been a recent drop, though, which some Democrats claim as proof that their stimulus plan finally worked. But if that’s true, then where are the jobs?
As more and more people have learned recently, the official unemployment rate doesn’t actually count unemployed people who have given up looking for work. The above chart offers another look at the jobs data. It shows the “labor force participation rate,” which represents the share of working-age Americans who are either employed or unemployed but looking for work.
There has been a recent drop, though, which some Democrats claim as proof that their stimulus plan finally worked. But if that’s true, then where are the jobs?
As more and more people have learned recently, the official unemployment rate doesn’t actually count unemployed people who have given up looking for work. The above chart offers another look at the jobs data. It shows the “labor force participation rate,” which represents the share of working-age Americans who are either employed or unemployed but looking for work.
