U.S. economic conditions in 2014 continue to languish, as millions of Americans remain jobless. Seven economic facts underscore America’s increasingly dire economic outlook.
1. A Record 91.8 Million Americans Are No Longer in the Workforce
The latest Labor Department figures reveal that a record 91.8 million Americans are no longer in the U.S. labor force. To be included in the Labor Department's calculations for this statistic, a person must be 16 years or older, a civilian, not in an institution (such as prison), and someone who has not looked for a job in the last four weeks.
Minorities have been hit especially hard. As Dean Baker of the Center for Economic and Policy Research noted to PBS, last month’s jobs report also saw “the lowest rate of labor force participation among African-American men since we have kept that count. So that was really striking.”
According to the U.S. Census, 317 million people live in the United States.
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2 comments:
This all began when the Democrats took control of the House and Senate in 2006. Fact; the deficit has doubled since then. This will not be irreversible until the Republicans gain control of the Senate. Republicans have business experience, Democrats good at spending money they don't have.
They are getting the government they voted for. How is that hope and change working for you?
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