Republican presidential candidate Mitt Romney said during Tuesday's debate that fewer people are working since Obama took office, and that the unemployment rate would be much higher than it is if people had not dropped out of the labor force.
"We have fewer people working today than we had when the president took office," Romney said.
Romney's correct: There are fewer people working. There were 133.561 million jobs in January 2009, when Obama took office, but just 133.5 million in September, according to preliminary data from the U.S. Bureau of Labor Statistics. (The BLS does not consider a month-to-month change of less than 100,000 to be statistically significant in its Current Employment Statistics survey.) Nevertheless, the number of payroll employees has recovered from its February 2010 low of slightly fewer than 130 million.
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