Economist: Real Unemployment Rate is 11%

The U.S. economy added slightly more jobs than expected in February, but the pattern of job creation remains very sluggish, and President Obama only has his own policies to blame.

That’s according to Heritage Foundation Chief Economist Stephen Moore. On Friday, the Labor Department announced the economy added 175,000 jobs last month, although the overall unemployment rate ticked up to 6.7 percent. The job numbers beat the expectation of 149,000 new jobs and mark the 48th straight month of positive job numbers, but the number of people leaving the labor force remains a major concern. Experts like Moore say by now the jobs numbers should be much better.

“The long-term trend now for five years has been very disappointing job growth,” he said. “We’re at about half the level of job creation that we should be at. The real unemployment rate, when you include people who have given up looking for work or people who are underemployed, is close to 11 percent. Those are really lousy numbers, and it’s hard to put any lipstick on this pig.”

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