(CNSNews.com) - The number of Americans designated as "not in the labor force" in February was 89,304,000, a record high, up from 89,008,000 in January, according tothe Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February.The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work.
The increase marks the second month in a row, after rising in January from 88.8 million in December. Those not in the labor force had declined in December from 88.9 million in November.
The nation's unemployment rate decreased to 7.7 percent in February, down from 7.9 percent in January. Overall unemployment “has shown little movement, on net, since September 2012,” the Labor Department said.
Total nonfarm payroll employment increased by 236,000 in February, according to the report.
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This is a element of the Obama charade. Clueless and / or unwilling to unleash the US economy, his administration has instead broaden what were intended to be government safety nets, to provide for people to an extent that they no longer have to work.
ReplyDeleteIt should not be surprising that many people have reacted in a predictable fashion. Why get off of the couch and work, if the government is willing to do it for you? In low income neighborhoods, your level of success is measured not how far you have risen in your job, but how well you can milk the system. Unfortunately, it is just going to get worst.
If the government counted these people in the real unemployment numbers - there would NOT have been a reelection!
ReplyDeleteObama hates this country. It was obvious from the company he keeps, everything he says, and everything he's done. And he desperately needs prayers for his conversion to a pro-life stance.
ReplyDelete