Bless her heart, sometimes our buddy Debbie Wasserman Schultz makes conservatives’ job far too easy. The DNC Chairwoman appeared on Fox & Friends this morning and made some interesting assertions about the national unemployment rate. An early Christmas gift, perhaps?
Approximately two million fewer jobs exist in America today than when President Obama took office, even as millions of discouraged worker have abandoned the labor force. This sobering phenomenon is what accounted for much of the illusory drop in the November unemployment rate; nearly three times as many people fled the workforce as added jobs last month. Righty Jim Pethokoukis from AEI and WaPo Lefty Ezra Klein agree: If the labor force had simply remained static since January 2009, the current unemployment rate would be 11 percent.