90,473,000: Record Number Not in Labor Force--Up Almost 10M Under Obama

Discussion in 'Too Hot for Swamp Gas' started by mocgator, Sep 6, 2013.

  1. mocgator
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    mocgator Well-Known Member

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    Hope and change baby.... again... List of things this administration cares about...

    Buying votes with health care
    Buying votes with immigration
    Buying votes with "gay rights"
    Convincing black Americans that all white Americans are racists
    White people killing black people
    Acquiescing to radical islamists
    Scaring any opposition to the regime i.e. IRS abuse et al

    Things this administration doesn't care about

    The economy
    The unemployment rate
    The cost of gas
    Black people killing black people
    Black people killing white people
    Our image as world leader
    Businesses

    http://www.cnsnews.com/news/article...number-not-labor-force-almost-10m-under-obama

    The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics.

    The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four weeks.

    In July, according to BLS, 89,957,000 Americans did not participate in the labor force. In August, that climbed to 90,473,000--a one month increase of 516,000.

    In January 2009, when President Barack Obama took office, there were 80,507,000 Americans not in the labor force. Thus, the number of Americans not in the labor force has increased by 9,966,000 during Obama's presidency.
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  2. gatordowneast
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    gatordowneast Premium Member

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    The above statistics are one of the largest reasons for rioting and rock throwing in Egypt and other middle eastern countries where lack of jobs creates opportunities to chuck stuff or shoot people rather than go to work.
  3. g8orbill
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    g8orbill Gators VIP Member

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    let me help shab out- it is all Bush.s fault
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  4. Gatorrick22
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    Gatorrick22 Well-Known Member

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    So technically there is a net loss of people working under this clown in the White House?
  5. secgator
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    secgator Well-Known Member

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    At this point--nearly 45 minutes have passed since OP and not a single leftie has come in here to begin the spin.

    Guess they are still working on the wording for Hussein's 'red line' defense. They'll be here soon however---something about these numbers will be adjusted downward in a few weeks. :)
  6. philnotfil
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    philnotfil Well-Known Member

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    What is the ideal labor force participation rate? Is the drop in participation moving us towards that ideal or away from that ideal?
  7. g8orbill
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    g8orbill Gators VIP Member

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    it is moving us towards a deep dark hole
  8. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Lol...
  9. AzCatFan
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    AzCatFan Well-Known Member

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    Actually, this increase in the number not in the labor force has been predicted nearly a decade ago. Written in 2005, here's the opening statement of the paper:

    There are nearly 10,000 baby boomers retiring daily. That's over 3.5 million a year people over 16, who stop actively looking for jobs. Since Obama took over, the number of retirees is close to 18 million.

    That's not to say we are economically in great shape, but the number of people not participating in the labor force rising? That's not shocking at all.
  10. surfn1080
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    surfn1080 Well-Known Member

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    Problem is we are not adding enough jobs to keep up with population growth OR those leaving the work force.

    Obama has done nothing to help this country.
  11. fredsanford
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    fredsanford VIP Member

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    Notice how the right wingers scatter once the Obama blaming gets debunked?
  12. dadx4
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    dadx4 Well-Known Member

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    Yep
  13. dadx4
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    dadx4 Well-Known Member

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    What?
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  14. secgator
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    secgator Well-Known Member

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    Just his way of entering into a thread.:)
  15. AzCatFan
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    AzCatFan Well-Known Member

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    I agree that we have not created enough jobs. But using labor force participants as a measurement is disingenuous. The decreased labor force numbers aren't surprising at all given we knew Baby Boomers would be retiring over these years. And if you look at the link to the paper I first linked written in 2005, the author's projections are rather spot on.
  16. malligator
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    malligator Well-Known Member

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    Not spot on, but close enough for government work. :)
  17. The_Graygator
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    The_Graygator Well-Known Member

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    Don't worry... the economy is improving every month. :roll: :wink:
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  18. wargunfan
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    From CNN
    (CNNMoney) -- The official U.S. unemployment rate is falling, but that's not necessarily a good thing.
    That's because the slice of Americans involved in the labor force has shrunk to a level not seen in 35 years.
    The labor force participation rate -- the percentage of people over 16 who either have a job or are actively searching for one -- fell to 63.2% in August. The last time it was that low was in August of 1978.
    In the latter half of the 20th century, the rate rose steadily for decades as more women were entering the workforce, eventually peaking at 67.3% in 2000. But the number has been on the decline ever since -- a trend that was accelerated by the Great Recession.
    Economist say there are several reasons for the decline, including the retirement of the baby boomers and fewer students who also work. But the main reason for its recent fall is a lack of good jobs.
    "We know there's a lot of hardworking people that want to be productive, we just don't have work for them to do," said Heidi Shierholz, an economist at the Economic Policy Institute.
    Schierholz said the labor force participation rate would be going down anyway as the baby boomers retire. But she said that since the recession, between two-thirds and three-quarters of the drop can be attributed to the lousy job market.
    "We're operating way below potential," she said.

    From Wargunfan
    Expect more deflection from the Obamanites.
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