Should we be concerned that the percentage of Americans that are either working or looking for work is the lowest that it has been in 36 years?
Should we be concerned that the percentage of Americans that are either working or looking for work is the lowest that it has been in 36 years? In August, an all-time record high 92,269,000 Americans 16 years of age and older did not “participate in the labor force”. And when you throw in the people that are considered to be “in the labor force” but are not currently employed, that pushes the total of working age Americans that do not have jobs to well over 100 million. Yes, it may be hard to believe, but there are more than 100 million working age Americans that are not employed right now. Needless to say, this is not a sign of a healthy economy, and it is a huge reason why dependence on the government has soared to absolutely unprecedented levels. When people can’t take care of themselves, they need someone else to take care of them. If the percentage of people in the labor force continues to decline like it has been, what is that going to mean for the future of our society?
The chart below shows the changes in the civilian labor force participation rate since 1980. As you can see, the rate steadily rose between 1980 and 2000, but since then it has generally been declining. In particular, this decline has greatly accelerated since the beginning of the last recession…
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3 comments:
The government lies and the MSM is owned by the government so you never here the truth.
Easily answered. The government is lying. We are not in a normal recovery. Those that had money at the start of the decline were able to earn more. The rest of us have had a horrible ride.
By the way; I don't begrudge those that have the money. I do blame the president and his minions, his czars, his clueless sheep for the mess we're in. There is no excuse for his actions. NO ONE in his administration has a clue how to grow an economy, only how to re-distribute money. Lastly I blame the low info voters, the dems, the liberals and those that thought they were going to have it easy from now on. I pray you never vote again. Please stay home and watch the t.v. and play your video games.
hmmm - guess 5 districts or home depot are not news worthy
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