Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Record Number of Americans Not in Labor Force in June
Cybercast News Service ^ | July 3, 2014 - 8:48 AM | Ali Meyer

Posted on 07/03/2014 7:43:51 AM PDT by Olog-hai

The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS).

This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks.

That is up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April. …

(Excerpt) Read more at cnsnews.com ...


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events
KEYWORDS: jobs; jobsreport; laborforce; liar; mediabias; obama

1 posted on 07/03/2014 7:43:51 AM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies]

To: Olog-hai
Record Number of Americans Not in Labor Force in June

Why should they work? They get paid NOT to work and those of us who do labor foot the bill. They get free health care, free housing, free daycare (public skools) free lotto, dope and beer money (EBT cards for cash). Why work?

2 posted on 07/03/2014 7:47:15 AM PDT by from occupied ga (Your government is your most dangerous enemy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

But...but isn’t the unemployment rate at 6.3%? (sarc).


3 posted on 07/03/2014 7:47:30 AM PDT by duckman (I'm part of the group pulling the wagon!)
[ Post Reply | Private Reply | To 1 | View Replies]


"I will fundamentally transform America!"

4 posted on 07/03/2014 7:47:50 AM PDT by Baynative (How much longer will the media be able to prop up this administration?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

This is very good news! -N. Pelosi


5 posted on 07/03/2014 7:48:08 AM PDT by ArtDodger
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

So combined with a 275,000 “part time” (increase).

111,000 removed from a calculation...

What please does this mean in a percentage number?


6 posted on 07/03/2014 7:48:24 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

The ONLY thing keeping Obama, and the Progressive nanny-state alive in a zombie state is the Federal Reserve and its money printing.

It seems many conservatives do not understand that the Fed and fiat money are at the root of 1000 things they oppose - from illegal immigration, to abortion


7 posted on 07/03/2014 7:51:37 AM PDT by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: PGR88

That’s not the only thing; the other thing is the whole foreign bond ownership, which is not as high as domestic but has far more potential to nuke the dollar if they dumped those holdings. If a dump occurs and the US dollar ceases to be the world’s reserve currency, then what printing will result in is hyperinflation, even worse than what the Weimar Republic experienced.


8 posted on 07/03/2014 7:54:04 AM PDT by Olog-hai
[ Post Reply | Private Reply | To 7 | View Replies]

To: Olog-hai
This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks.

Does that include people over the age of 65?

9 posted on 07/03/2014 7:54:05 AM PDT by OldNavyVet
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

At election time in November,unemployment will be zero,although about 100,000,000 people will not be working


10 posted on 07/03/2014 7:56:18 AM PDT by ballplayer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai
That’s not the only thing; the other thing is the whole foreign bond ownership, which is not as high as domestic but has far more potential to nuke the dollar if they dumped those holdings.

To keep the edifice of the Progressive nanny-state alive, The Fed/US Gov't have printed money/debt that the rest of the world, until now anyway, has been forced to accept. That's the benefit of having the world's reserve currency (and the world's largest military), but at least since Nixon severed any link to gold, we have been abusing that position. The world is indeed holding $trillions of dollars because of this abuse of the printing press by the Fed. As you point out - how much longer will it last?

11 posted on 07/03/2014 7:59:01 AM PDT by PGR88
[ Post Reply | Private Reply | To 8 | View Replies]

To: Olog-hai

I’m not in the labor force. Who wants to take care of my ten children so I can find paid employment?


12 posted on 07/03/2014 6:03:30 PM PDT by Tax-chick (If I die before I wake, feed Jake.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai; PGR88
Correct. But also remember our Stock Market is also a house of cards......the one everyone celebrates as breaking 17,000. When the US Dollar is removed as the world's reserve currency, our markets will implode. We have 77 million Baby boomers, with 10,000 retiring each day. They are relying on a combination of their 401Ks, IRAs, and Social Security checks to survive. The markets need the infusion of money that less and less younger workers can hand over. When the US Dollar is no longer the reserve and the Fed pumping Ponzi scheme ends, there will be blood in the streets. It will ALL come crashing down. And, the days of the US Dollar are numbered, and the noose is tightening.
13 posted on 07/03/2014 11:36:11 PM PDT by SkyPilot
[ Post Reply | Private Reply | To 8 | View Replies]

To: SkyPilot
It will ALL come crashing down. And, the days of the US Dollar are numbered, and the noose is tightening.

I remember how it was during 1930 Depression days, and I've been collecting coins ever since.

My reason? I was given a dime for a birthday present in the 30s and, without permission, I toddled over to a Japenese fruit market with my dime and came home with ten pounds of Thonpson Seedless grapes.

Another memory ... FDR wrote an executive order in the 30s that made it illegal to hold gold coins - they were confiscated by the US Govenment.

It was Mark Twain that wrote ... "Hide your wallets, Boys, the legislature's back in session."

14 posted on 07/06/2014 10:56:56 AM PDT by OldNavyVet
[ Post Reply | Private Reply | To 13 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson