Ninety-two million Americans are unemployed yet the spin masters are telling voters with a straight face that the economy is recovering nicely. The much touted 6.7 percent (U-3) unemployment rate has dropped again miraculously in December thanks to voodoo economics and statistics that totally discount millions of discouraged workers who have dropped out the labor force and stopped looking for work.

If Americans out of the labor force are counted, the unemployed rate is the U-6 reported by the Bureau of Labor Statistics, approximately 13 percent. The civilian labor force participation also dropped to 62.8 percent.
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