Americans Flood Back Into The Labor Force Under Trump

Zero Hedge ^ | Mar 10, 2017 | Tyler Durden

[cutty]

It appears that the "animal spirits" unleashed by President Trump are not contained to the stock market: according to the BLS, one of the most notable observations to emerge from the February (and January) jobs reports is that the number of Americans no longer in the labor force plunged since December, declining by 736,000 in January (to a modest extent due to a data revision) and a further 176,000 in February to 94,190K. The combined two-month addition of 912,000 was the biggest drop in the "not in labor force" series on record.

...

The 94,19 million people who are considered "not in the labor force" in February includes millions of baby boomer retirees, students, the disabled, homemakers and others who do not work for various reasons. The number is important because many of those not in the labor force receive Social Security, Medicare, Medicaid, health insurance subsidies and other entitlements that come partly from the taxes paid by those who do work.

Additionally, in February, the nation’s civilian non-institutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 254,246,000. Of those, 160,056,000 participated in the labor force by either holding a job or actively seeking one, representing a 63% labor force participation rate.

[HiTech RedNeck]

Animal spirits?

God bless the beasts and the children...

[RC one]

It’s amazing how successful he has been so far despite the obstruction, hostility, and intransigence exhibited by the left.

[T-Bone Texan]

America has a fever.

It’s Winning AIDS.

[mountn man]

For those who want actual BLS statistics

https://data.bls.gov/cgi-bin/surveymost?ln

[be-baw]

“It’s amazing how successful he has been so far despite the obstruction, hostility, and intransigence exhibited by the left.”

He’s doing it by displaying leadership: he has a vision, and has an uncanny ability to move people toward it, despite the forces aligned against him.

[stylin19a]

One of those figures is called the U-6 rate, which has a broader definition of unemployment than does the U-3. In February, that number fell two-tenths of a percent to 9.2 percent.

The U-6 rate is defined as all unemployed, plus "persons marginally attached to the workforce, plus total employed part time for economic reasons, as a percent of the labor force."

from CNBC today

[cutty]

The U-6 rate, which has a broader ( and more accurate ) definition of unemployment than does the U-3.... will likely be used by the Enemedia more often now .

[stylin19a]

I would if I were them...

[353FMG]

This flood is not noticeable in the oil industry. Too many oil and gas engineers still unemployed.

What say you, Mr. Rick Perry?

[TwelveOfTwenty]

According to the A9 chart, full time workers increased by 326,000. That's change I can believe in.