Big news for the American people: listening to what president Obama declared in his annual State of the Union sounds like we are at a turning point and finally economy is recovering... is it the truth?
Today the news media reported that the US economy grew at a very modest rate of 1.9% in 2013. That's weaker than the previous year, this means economy is probably slowing down. But the best part has yet to come.
In the last 5 years labor force shrank like never before: 91.8 million people are not in the labor force anymore. The participation rate reached its minimum since 1978, and that's how the White House is able to state that unemployment is going down, that's because more and more people gave up looking for a job.
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