Bureau of Labor Statistics Report (U.S.D.L.-13-0581, Apr. 5, 2013)

(March 2013, jobs report; unemployment rate fell to 7.6 percent solely because of a contraction of the laborforce; economy added only 88,000 jobs during March and laborforce participation rate fell to 63.3 percent, the lowest rate since 1979 - thus, unemployment fell while employment did not increase; while civilian population has increased by 2.4 million over past 12 months, only 300,000 persons have entered the laborforce; government payrolls showed virtually no change despite implementation of "sequestration", but economy slowed down due to tax increases beginning in January of 2013; unemployment rate is 49 percent higher than what Administration promised it would be in March of 2013 if 2009 "stimulus" bill passed, and 45 percent higher than what Administration promised it would be in March of 2013 if 2009 "stimulus" bill not passed; if laborforce participation rate would have remained at the rate it was at when President Bush left office and laborforce would not have shrunk, unemployment rate would be 10.98 percent).