President Obama today became the first to achieve a milestone coveted by enlightened central planners everywhere, as the Bureau of Laborious Statistics announced the much-followed meaningless headline: "U3 unemployment rate for last month was ZERO PERCENT," which clearly implies that the glorious economic recovery he engineered after the disastrous Bush years has now resulted in full employment.The People's Cube serves up top shelf snark.
Naysayers were quick to note that the labor force participation rate had also dropped to zero percent, which, according to them, was not a good thing as it meant no one was employed. Rep. Nancy Pelosi brilliantly countered their racist, straw-man argument by observing that it also meant no comrade was any longer "job-locked" and each was free to be an artist, writer, or hooker, pursuing their passion.
Thursday, May 8, 2014
Unemployment rate drops to zero
Last unemployed American stops looking for work: