Posted on 01/10/2015 9:02:10 AM PST by BenLurkin
A record 92,898,000 Americans 16 years and older did not participate in the labor force last month, according to data released by the Bureau of Labor Statistics.
The BLS defines people not in the work force as people 16 years and up who are not employed and haven’t “made specific efforts to find employment sometime during the 4-week period ending with the reference week.” The labor force participation rate — or the “The labor force as a percent of the civilian noninstitutional population” — also dipped back down to 62.7 percent, from 62.9 percent in November.
(Excerpt) Read more at breitbart.com ...
Although this recovery is sluggish by historical standards, I somewhat question that stat.
Is that number Americans in general or the number of those of working age?
16 and up. Includes retirees.
Yeah, can’t wait for little bammie’s SOTU...
Ought to be a screamer.
.
Working age. Although you got me wondering. Does that include people of retirement age too?
It says those 16 years or older. I do not know if that includes those on SS, or retired otherwise.
Thank you, you answered my question.
The two faces of recovery media in denial mode more utopia stories to ensue.
A friend who has slipped into the bottom of the workforce and has been long unemployed answered a Craig’s List ad for painter’s helpers. The guy told him right up front it’s $13 per hour and it’s cash. He can pay the money but all the state and federal employment rules make it impossible to have him as an employee.
Not to mention the fact that he can make us much on SSI, welfare and EBT as he could making $13 an hour on the clock at work and he gets free Medicaid, too.
Where’s the incentive to do back-breaking work? Oh and Obama will veto the restoration of the 40 hour workweek.
His circumstances are what they are. If this is the only opportunity he can find at present, he should take it. The consequences of being employed off the books aren’t his unless he chooses to remain so himself.
Imagine the economic growth by the administration that clears the tax/regulatory regime enough to put just 5% of those people back into productive lives.
If those 4,644,900 people could only produce $15,000.00 in economic gains to themselves, we’d garner not only $69,673,500,000.00, but an additional $69,673,500,000.00 that they’re now taking from the productive side of the economy in welfare benefits.
That’s $139,347,000,000.00 or $139 billion to the economy. Such is the value of work. Go America!
The good news is, most of that 92,898,000 people stopped looking for jobs and that makes the Obama regime’s “unemployment number” look good. Wait until Barry uses his phone and pen to allow “undocumented” illegal alien “workers” to use their shiny, new driver’s licenses to apply for unemployment compensation. That “unemployment number” is going to skyrocket.
The Obama Administration has been waging war on the few high paying blue collar jobs that are left.
And now it wants to kill the Keystone XL pipeline project that would create thousands of high paying jobs.
In its hostility to putting people into the workforce, it has a clear record.
right. it is a meaningless number. need number of people that should be working minus retirees
Excellent observation. Anyone who works “off the books” is
certainly working and being paid. But, they are not part of the labor force as defined by the Bureau of Labor Statistics.
I see big bro squads at the gym at 3:00 in the afternoon. Grown men working out in groups. So bizarre.
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