Employment: Will the last worker in America please raise your hand? We ask this because Thursday's Labor Department report for June found yet another record collapse in the number of working Americans.
Over the past year the number of working-age Americans who have dropped from the civilian labor force has risen by 1.5 million. During Obama's presidency, the population of these Americans increased by nearly 16 million — while the labor force grew by under 3 million.
The labor force participation rate for those 16 and over dropped from 65.7% at the start of the Obama presidency to just 62.6% last month. If this rate would have remained steady, the labor force would have been nearly 14 million stronger.
Hello! Is anyone in Washington paying attention to a trend that's becoming a national emergency?
Obama doesn't seem to get it. He's touting the unemployment rate decline to 5.3% as he celebrates how he has supposedly resurrected the U.S. economy. Here's what he isn't telling us: For every three Americans added to the working age population (16 and over), only around one new job has been created under Obama.
Where is the great American work ethic? At this pace, America will soon officially have no unemployment whatsoever. Only a few Americans will be in the labor force, but they will all have jobs. Hooray.
here are now 102 million Americans over the age of 16 who are not working. Usually when the economy picks up, American workers who have been laid off stampede back into the workforce to earn a paycheck.
Not now. The longer the recovery lasts, the larger the number of nonparticipants in the job market.Read the rest of the story HERE. Below you will find a related video and a link to a related story below:
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Percentage of those in labor pool at 38-year low
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