The administration thinks it can pull a fast one by pretending the unemployment rate is better when millions of people are allegedly leaving the labor force in droves? That's fine - however, there is nothing Christina Romer's replacement can say to put lipstick on the below piggly chart. The ever critical ratio of civilian employment to population is now at 58.4%... It was last this low (to the upside) in October of 1983. At least in one way Obama has caught up to the Reagan administration.

Source: St. Louis Branch of the Den Of Thieves