RICHMOND, Va. – Virtually every week, Gov. Terry McAuliffe’s office announces new economic development ventures that purport to bring jobs to Virginia.
In fact, the number of working Virginians has been falling steadily since May.
The U.S. Bureau of Labor Statistics reports 80,068 fewer Virginians held jobs in November, the latest month for which data were available.
Though the state’s official unemployment rate inched down from 5.1 percent to 5.0 percent, the number of working Virginians dropped from a high of 4,336,402 in May to 4,256,334 last month – a 1.8 percent dip.
“One explanation for the decline in labor-force participation is that as Baby Boomers age, more Americans are in retirement,” suggested the Center for American Progress.
“But the fact that we see the same trend among 25- to 54-year-olds, people in their prime working years, makes this theory hard to support,” said Michael Madowitz and Jackie Odum, researchers at the “progressive” center.
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4 comments:
I hear he went to school with Marty to learn about economics......
Probably learned his "economics" in D.C. from the Feds. I'm ageing but still can't retire.
no he is just another progressive hack elected by more stupid voters
elections have consequences. elect a liberal/dem this is what you get. stupid is a stupid does...will they ever get it???
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