Posted on 12/05/2014 3:37:12 PM PST by george76
The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics.
The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.
In November, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 248,844,000. Of those, 156,397,000 participated in the labor force by either holding a job or actively seeking one.
...
92,447,000 people did not participate in the labor force. These Americans did not have a job and were not actively trying to find one. When President Obama took office in January 2009, there were 80,529,000 Americans who were not participating in the office, which means that since then, 11,918,000 Americans have left the workforce
(Excerpt) Read more at cnsnews.com ...
If King Opie can get the remainder to stop looking for work he can be the first president to achieve 0% unemployment.
“The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978. “
It’s actually much worse than that, since in 1978 the number of women in the workforce was still pretty low. It’s probably the worst participation rate ever...
Of the people working, I wonder how many are working multiple jobs? Several of the younger people I know, early/mid 20s, are working 2, even 3 jobs. They can only find part-time work due to obamacare making full-time work relatively scarce and expensive for employers. So I wonder if they are being counted as 2 or even 3 people employed when it really is just 1 person working multiple jobs?
>> “So I wonder if they are being counted as 2 or even 3 people employed when it really is just 1 person working multiple jobs?” <<
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Bet on it!
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Between DH and me, our BIL and SIL ... we hold down five, no, six jobs ... two factory jobs, one farm, one college prof, one part-time teacher and one part-time grocery cashier.
Money is still tight ... insurance for all of us is getting more expensive.
Sad thing is, when we were kids, both families could have made it on two of those jobs ... farming and college prof.
Wait til the Big War comes. WW III. Draft returns— we will need a 15 million person army. With subs sinking the ships from China—we will need to make our own stuff—from barbed wire to toliet paper. We will need people in the factories—no more welfare—even kids enployed. Fast food will be gone with rationing. Speed limit 45 miles per hour, gas rationed—food rationed—gone will be PC, Multiculturalism—racism—all gone like Ebola. Anti-American speech forbidden and punished by long sentences to the work camps and labor farms. Every one must do their bit or be shunned—We will welcome Mexicans (allies in the war) and all others who will help rebuild the cities in the radiation zones. Yes, the churches will be full—but so will the cemeteries.
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