POLITICS

White House blames larger labor force for higher unemployment numbers

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Politics,Beltway Confidential,Charlie Spiering

In a statement on the unemployment numbers revealed today, White House Chairman of the Council of Economic Advisers, Alan B. Krueger explained that the rate ticked up to 7.9 percent because more people are entering the labor force.

“The household survey showed that the unemployment rate ticked up from 7.8 percent in September to 7.9 percent in October, largely because more people entered the labor force,” he wrote, noting that the labor force rose by 578,000 people in October.

“While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression,” he continued.

 

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