Detailed text transcripts for TV channel - FOXNEWS - 20120707:00:05:00
The key word is he made it worse. the unemployment rate is up 8.2%. the average unemployment rate from the years 2001 to 2008 was 5.2%. the number of people participating, working in our economy is at an all-time low. the labor participation rate is about 63.8%. again, if you look back at 2001 to 2008, the average labor participation rate was about 67%. so with the workforce of about 155 million people, those 4 percentage points in terms of labor participation rate alone means there are many many americans who have grown discouraged. they have withdrawn from the workforce and they are not work...