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People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels
Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."
People not in labor force:
Labor participation rate:
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Eejit. Record numbers on food stamps. The unemployment number is only down due to despondent people leaving the work force.
You deserve the ruin about to come down on you, and other useless money players.
I had to log in and post just because a hundred and thirty five thousand other people did. I'm a bit of a follower.
A useless politician or overpaid apparatchik?
these people are bums. if i were in their position i would collect welfare because .gov will give it and it puts me on par with a retail or fast food worker without the hassle and sell reefer through people who work in retail or fast food joints(lol). the system sucks. make it suck your dick instead.
Agent provocateur, another useless apparatchik.
If it is true that low interest rates are a requirement for putting people back to work, then Cyprus (at a Krugmanian minus 40~ minus 80% interest) is about to see an employment boom the likes of which the world has never seen.
Keep an eye on that, Ben, and factor it into your models.
gosh, by the time the 'ump' rate hits 6% there will be ~33% of the entire U.S. population [work forc'd, is now officially a misnomer] on the gov't dole?
everyone's got it all wrong.
look at the data back to 1948.
it could be "worse"!
Source:
U.S. Bureau of Labor Statistics
Data extracted on: April 6, 2013 (3:36:59 PM)
Labor Force Statistics from the Current Population Survey
Series Id: LNS11300000Seasonally Adjusted
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over
It's idiots like you that believed the Socialist media propaganda who elected the O'Bowel Movement.......unlesss you are just a lying piece of the Obowel Movement.
You guys are just a bunch of paranoid, bitter, gun-clinging, doom and gloomer conspiracy theorists. President Obama is going to turn everything around. It's just gonna take a little while longer than most would like. I mean, would you walk into the middle of an operation and berate the surgeon for the mess he created while saving the patient? Of course not. You would wait until the patient has recovered to make your opinion known. Now why aren't we giving Dr. Obama the same courtesy we would Dr. Welby? C'mon guys! We're all in this together. Let's be nicer to one another and stop all this 'doom and gloom' negativity. It's just so negative and will serve no purpose but to bring negative vibrations. Your aura will turn very dark and you will get into a really bad 'place'. Anyway...I love each and every one of you here! ;) Peace...
(and don't fucking bother me with bullshit responses like "the doctor is using a hammer to bash in the patient's head while the nurses are doing lines of coke off of the anesthesiologist's schlong"...that just pisses me off and I can't fucking tolerate asshats that say that kind of stuff. So just cram it up your asses. Got that?)
Peace and love everybody. Peace and Love to all!
YES WE CAN! YES WE CAN!