(2015-03-06) — The Obama administration today celebrated a new milepost in what it calls “our progressive recovery” as government figures show the jobless rate dropped to 5.5%, wages remained stable, and the labor-force participation rate slipped to 62.8 percent.
“Thanks to President Obama’s leadership, we’ve reached full under-employment,” said White House spokesman Josh Earnest. “Nearly everyone who still has any hope of getting a job, has at least one job — and often more than one.
“The nation’s employers are getting a better caliber of worker, and often for up to 29 hours a week,” said Earnest at the daily White House press briefing. “These are the survivors, unburdened of the arrogance of expertise, experience and education that can prevent an engineer, for example, from accepting that part-time offer to enter the creatively-fulfilling field of cash-register management, or linoleum scuff removal?”
The White House spokesman said the president hopes that the 37.2 percent of workers who have abandoned the job search, along with those workers who haven’t had a raise in years, and the folks doing minimum-wage jobs practically round-the-clock will, “for the sake of our progressive recovery, stay the course.”
