Romney Misstates Reason For Unemployment Rate Drop: "Labor force is actually up since the start of the year."
But the labor force has actually grown since the start of the year
While the unemployment rate has declined
In fact, a key reason for the decline in the unemployment rate is a substantial increase of the number of part-time workers
UPDATE: An aide says Romney was referring to the labor force participation rate
The rate is the share of the overall population who have entered the job market — and it has declined since the start of the year, meaning that the labor force growth has not kept up with population growth.
'via Blog this'
While the unemployment rate has declined
In fact, a key reason for the decline in the unemployment rate is a substantial increase of the number of part-time workers
UPDATE: An aide says Romney was referring to the labor force participation rate
The rate is the share of the overall population who have entered the job market — and it has declined since the start of the year, meaning that the labor force growth has not kept up with population growth.
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