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Americans Not In The Labor Force Soar By 640,000 To Record 93.6 Million; Participation Rate Drops To 1977 Levels
The devastation of the US labor force continues.
In what was an "unambiguously" unpleasant June jobs payrolls report, with both April and May jobs revised lower, the fact that the number of Americans not in the labor force soared once again, this time by a whopping 640,000 or the most since April 2014 to a record 93.6 million, with the result being a participation rate of 62.6 or where itt was in September 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.
End result: with the civilian employment to population ratio dropping from last month to 59.3%, one can easily on the chart below why there will be no broad wage growth any time soon, which will merely allow the Fed to engage in its failed policies for a long, long time.
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YES WE CAN!!!
Do the figures include the tens of thousands of ISIS mercenaries on the CIA payroll in the Middle East?
It's time to get up off the couch and start getting ready for what comes next.
https://www.youtube.com/watch?v=-GjVEHFjrzk
When in doubt, default to Latin.
Panum et circenses....
A circus circles our senses.....
So, finally Rome beats Greece (they think)....
asinus asinum fricat
How about : asinus elephantum fricat?
Vae victus.
I'd love to see the money supply on that participation rate roundtrip graph. The original equation for inflation would have the inflation rate up 50%?
Working makes my head hurt.
But unemployment is at 5.3% so everything must be fine goodbye.
Bet all these "moderate muslims" have jobs. Thank you progressive multi-culturalist idiots, you have now destroyed the country that nurtured you. Warning, this is very disturbing.http://moonbattery.com/?p=60200
How the fuck does this get downvotes?
This is what happens when bloated failed companies/industries are bailed out. They need to be purged during recessions to make room for new production industries that create employment.
Dunno Buck, but it's like we said a while back, "the enemy approacheth from all sides". And you said God gives us free will, yet so many choose the easy path and join the Dark Side. Check this out, we realize Tom DeLay has a chequered past, but if this is true................God help ushttp://investmentwatchblog.com/tom-delay-knows-of-secret-doj-memo-to-leg...
Here's one solution to the problem:
Unemployed? Try WWOOFing!
http://naturecoastpermaculture.com/2014/12/unemployed-try-wwoofing-work/
Put them all to work at the NSA.
Vae victus dup.
We're that serious about that.
Participation not at levels seen since 1977? Theb why is traffic worse than its EVER been!?!? Especially at rush hour!?!?
Not true everywhere in the US.
Update Navy Yard.
500 cop cars....no shots fired.
I think we could probably spend less money on cop cars....just sayin.
Military base with officers and enlisted with no guns allowed (thanks to Clinton who ruled to remove guns)
500 Federal and DC cops (or more) with guns
NoVa
Personal observation:
California foothills. Women's softball game. Girl gets hit by a ball. Bad hit. Big bruise. Nothing broken. Not life threatening. No loss of conciousness, etc. Just a bump on the thigh.
Three cop cars (two cops, one sheriff), one fire truck, one ambulance, one emt/ambulance.
Bet if you add it all up, a couple thousand dollars 'cause girl can't field?
Just absurd. Yet, if an election were held to increase the sales tax for more cops (for the children), I bet it'd pass.
Independent Greeks just switched sides in referendum vote.
I don't expect current Greek government to be around in a week.
Now no if we get a "Yes" Tsipras resigns for new elections. If "no" wins then ID will call a vote of no confidence, thus requiring new elections.
Everyone is trying to go spend their SNAP checks duh!
Panem et circenses
Got that, thanks......
Excellent read, A World Without Work. http://www.theatlantic.com/magazine/archive/2015/07/world-without-work/395294
https://www.youtube.com/watch?v=7Pq-S557XQU
Excellent link, thanks for that.
All righty then. I'm headin' out to swat some balls!
If that dear lad had a set of wheels to go with his arms, he'd likely be in the top 50. Alas, that is why the video didn't show anything below the waist... Working arms feels good. Squats don't. But they'll make a man outta ya...
Of course they do. This is why the USA needs to tax it's citizens no matter where they work in the world.
Unless ur a Big Corporation ... then you get a free pass and can squirrel Billions overseas.
#demanddestruction continues to cause job losses in the West.
Outside of the air conditioned White House and offices of the BLS and all that Govt machinery, in the real world, life is not so star spangled awesome!
Following job cuts occurred in the last 48 hours alone!
BBC fired 1,000. http://www.bbc.com/news/entertainment-arts-33363225
Chicago Public Schools fired 1,400. http://www.wsj.com/articles/chicago-cuts-1-400-jobs-as-pension-fight-dra...
Virgin Airline is firing 500. http://www.bbc.com/news/business-33335434
Arcelor Mittal fired 2,800 in Mexico. http://www.reuters.com/article/2015/07/02/us-mexico-arcelormittal-idUSKC...
Lloyds bank is set to fire 700. http://www.bloomberg.com/news/articles/2015-07-01/lloyds-plans-to-elimin...
Microsoft fired 1,200 jobs: http://www.bloomberg.com/news/articles/2015-06-29/microsoft-said-to-exit...
While Air France is busy denying rumours of fresh job cuts! http://www.bloomberg.com/news/articles/2015-06-26/air-france-denies-repo...
I want to know which mother fucking companies are hiring so many employees that employment ratio keeps declining despite thousands of jobs cuts every week at some of the top most multi billion dollar corporations globally?
Blatant lies from Govt owned media and CNBS and all of them!
That post looks like a Donald Trump wet dream.....YER FIRED!
http://www.bizjournals.com/houston/news/2015/07/01/greater-houston-partn...
tsk... :-)
Apparently ISIS support has swelled to 43 million ( approx half of Non-Working Americans ) and therefore it's really decent of the US government to out-source these shovel ready jobs.s/c
Yeah, there'll be lots of Shovel Ready Jobs digging the Mass Graves for Americans when TPTB finally pull the plug on most of us as they no longer need us or want to feed us...
Even the far-left "progressives" on NPR are saying the 5.3% unemployment rate is bogus ... "the reason it's so low," the left winger said, "is because people are dropping out of the labor force, not because jobs are being created."
OMG!!!!!!!!!!!!!!!!!!!
They're gonna come and throw him away, lock 'm at Geet-Mo ... for an obvious act of tear-ism.
Labor participation rate not inmportant for propoganda purposes, all that matters is the 5.3% unemployment game!
Would they be forced to use Obama/SOTUS-care? If not, I guess that excuses some of the Americans joining up.
That would depend
why work when you can do instagram all day
The fudgepacker had done a yeoman's job... Just wait til cunton & her sexual predator husband take over the rule.
The majority does not have a job. Everybody hates this depression-level economic system. But the stock market loves the inflated lie without question.
Just got back from the mall...depressing in the extreme to see the numbers of jobless walking around, not to mention the dozens of EBT'ers with their 6-8 children hanging onto them.
I'm thinking "Bleak" is a more accurate term then "Bullish" right now, at least for the private sector Middle Class.
What Difference does it Make?
Next you are going to tell me this is all a vast right wing conspiracy.
Zero Interest rates ans Zero unemployment rate....#WINNING
I was a teenager in 1977 and remeber how awful it was trying to find a job, any job. Fucking FED and banksters. My only solace is that "this too shall pass".
My solace is that Congress, with the assistance of corporate lobbyists and a decisive Executive, will be able to legistlate our way through the current crisis. I keep a candle burning.
that better be a long fuckin' candle.
Don't worry. Obama's going to keep giving out millions of work permits, just not to you:-)
That's odd. I graduated from college in December of '76 (yeah, I took an extra quarter after changing majors) and had a job before the end of February. And that was after multiple job offers.
...but you did not take a sandbox-course degree, right? I remember what subjects passed muster for a degree then...
I agree, I started in 78 in business and there were all sorts of entry level jobs that no longer exist due to technology and outsourcing. I took phone calls for a mutual fund company to mail out a prospectus on their funds. This was in the days of interest on savings. You picked up basic knowledge and at some point could move on to a better paying job. Now you call and AI takes information, no need to speak with someone. Trend will continue until technology fixes technology. Sad
Now I understand why zh retards hate everything technology. What a bunch of losers, it's truly amazing.
Have you ever thought about improving your skillset and educating yourself?
You speak of a different era in history.
There were many jobs then.
Not everyone with a pulse and an SSN for a student loan got into college in the 70's
That was the first wave of financialization, unhinging from the Gold standard and planned obsolescence.
We had lost our second war since WWII and the 60's hadn't changed anything beyond making people more selfish.
Now we're completely lost in juvenile narcissism, lustful greed, avaricious hedonism, and shallow perception of truth.
With TPP, these are going to seem like the good old days for US employment numbers.
you must have taken the blue pill.
On behalf of my kid, i hope so.
I'm tired of going to work, how do I get in on this dependency thing?
I remember some 15 year old kid explaining it to someone on his Obamaphone waiting in line at Burgerking...but I wasn't paying that much attention.
True story by the way. That kid knew his stuff.
A face tattoo will be helpful
Oh yes, and have a least one facial piercing too, giant holes in earlobes. They won't hire you for a front line customer service position?- call em haters
Don't forget to sag your jeans half way down your ass so everyone can see your boxers. And it helps to use the word "like" 12 times per sentence.
if you're lucky. the Fed will finally let the economy crash. you'll get laid off and then be able to get all the gov't aid you could imagine. its like hitting the lottery. the ultimate "get out of work" for life card.
Become a black rabbi. $100k a year, minimum.
president gets much more that that, doesn't he?
Yes, but that's "black rabbi" plus the "presidency" bonus.
It's actually not too hard, I hear...
1.) Move all assets to untraceable (or difficult to trace) places....foreign property set up under corporation, physical precious metals, cash (this includes liquidation of all 401k, IRA, etc). You want to appear broke.
2.) Get yourself terminated from job (bang boss's wife/daughter/dog).
3.) Apply to and receive free shit (unemployment, food stamps, medicaid, welfare, rent assistance, utilities assistance, free phone, etc)
Unless you are in your 60's, you will never receive the social security you paid into. Take it now, before this whole ponzi scheme blows up.
Hitler would be proud of his youth...
Actually he wrested control of his nation from international bankers and put his people to work.
Killed some people in the process....but I don't think they were black.
Obviously they didn't matter.
The zios have killed an infinite amount more than the germans did in ww2. I say their death toll is nearing 500m in the past 100 years.
exactly........the TRIBE was behind the british empire
http://worldsworstmassmurderer.blogspot.com.au/2012/03/britain-worlds-wo...
He should be. One of them even made Pope.
Soon, we'll all be chillaxing by the pool while the robots do all of the work, right?
FORWARD COMRADES!
As soon as nobody produces anything, and we are all either speculating on margin, flipping houses, or on the dole, then we can finally achieve full stawk ""market"" escape velocity nirvana.
Until then, all you productive holdouts are a drag on the aspirational economy.
/sarc
Next time you hear someone say how the economy is recovering and they quote the unemployment rate, ask them their thoughts on the labor participation rate...
Blank stares
There's an app for that.
'Real' time
http://www.usdebtclock.org/
Whatever. Conspiracy theorist... Or tea-bagger, or Republican, or libertarian, or someone has a case of the Mondays. I've come to the conclusion that EVERY label is designed to obfuscate. Same is true of liberal, socialist, 99 percenter, etc. The label, whether applied to someone else or claimed by yourself, becomes a proxy for thought. The blank stare is emblematic of this conditioning.
USA is not a Christian nation anymore.
USA is under enemy control.
This will change.
When's it going to change and how? I wish, but doubt.
Remember seperation of church and state? We need some neutral representation, especially in the media.
RIPS
Sure it is. Most Mexicans are Catholic:-)
So they are like supreme court justices?
When tyranny comes to America, it will carry a bible and be draped in the flag. I agree with what you wrote, unfortunately.
A Koran & a black flag.
Fixed it for ya
That's fucking retarded. And by retarded, I mean retarded. You are acting out the script that they have given you. We created ISIS, just like we created Al Qaeda. So when you vomit out retarded assertions, you are simply carrying their water. Don't be a pawn.
+1
That is exactly how it is playing out and has been playing out since Sept. 2001. All the flag wavers and Zionist Bible thumpers will be screaming for Muslim blood and more war when the next false flag occurs (perhaps during Jade Helm). ISIS will be blamed for sure. How anyone misses that here at ZH is troubling as everyone should know better by now.
Ok, you down-voting pussies. Describe the scenario by which the 6-7 million Muslim Americans, something like 2% of the US population, raises a black flag over the US. Even if those 6 million are somehow card carrying terrorists, which I hope you all realize is fucking dumb. Fucking retards. It's not like we share a boarder with Muslim states... We don't share shit. There are fewer Muslims in South America (less than 1% of the population) than in North America (less than 2%). So if you're scurred of Muslims, you need to come to grips with the reality that you have been pushed there for a reason.
1) look at France. Or Sweden. Or the Netherlands. That's the blueprint.
2) now look at Dearborn, MI. It's rapidly becoming Muslim-majority thanks to massive "refugee" immigration. There are half a dozen other cities like it right here in the "land of the free"
3) now look at our wide open southern border. For every legal "refugee" Muslim invader, there is probably at least one illegal Muslim invader coming across our joke of a border.
The Muslim invasion is happening right now, right under your ignorant nose.
Muslim invasion... Fucking retarded. Don't get me wrong... You're right, to a degree. They'll be some sort of false flag and you mouth breathers will get your "theocracy"... Just as I pointed out... Waving a flag of FREEDOM! And stop with your France bullshit. There's no blueprint there. Let's assume that France isn't all "false - flag-ish" - a flawed assumption, but let's say you believe the lies. France colonized Muslim countries! The Muslim populations of Germany and France ALONE is equal to all of the Americas. Wake me when the Middle East moves to Latin America. You're vomiting propaganda.
Golf Clap.
You can tell a bullshit story whenever you see anything repeated on all MSM programming. Muslims are being denigrated because they forbid usury. Usury is/are the chains that zionist moneychangers use to keep you in your invisible cage.
Cheers.
RIPS
Muslims and ISIS are going to be blamed for all kinds of shit about to go down in the USA and all around the world (Iran, Iraq, Syria, etc...). And who won't be blamed? Take one guess.
We are all being played like a fiddle.
I thought we already had that with O-blame-o.
Don't hold ur breath Chuck.
And 1977 was a resession year. USA is fucked.
A perfect socialist recovery.
In the Soviet Union the economy was great (according to the soviet politburo )
while people stood outside waiting for their ration of meat.
According to the Obama politburo all is well.
That's the great thing about the interwebs, you don't have to stand in line for anything any more. It's like a big, electronic rug to sweep everything under....
Hard times ahead learn how to grow your own food.
Looks like the corporate sell-out to foreign countries did a big number on a hundred million people.Who would ever think that the American politicians would cave to Red China Communists?Truth is stranger than fiction.
Not so strange after all. There is an old communist saying (I don't recall who said it) which goes something like:
The capitalists will sell you the rope that you use to hang them.
He was right, but on the other hand look at all those juicy profits the corporations made by selling out US workers.
Participation rate dropped? Pshaw! This is only because we had 15 million more illegal aliens come to the country and retire than the country grew since 2008. We're in a booming economy, and I just read that our boys in Oceana have those bastards on the run!
dudes in they 50s are retiring early and going on obamacare...now you young whippersnappers need to get back to work ASAP...someone needs to pay my disabled vet pension, my federal retirement pension and my SS.
If you are truly a disabled veteran....then you deserve every dollar you get. I may be old fashioned, but people who served in the military deserve more than a pat on the back.
Ugh. This is why we can't have nice things.
When the numbers dont add up
94 million working age not in the labor force
50 million school age children
49 million retirees
11 million disabled
4 million in prison or military which is (lumped together for obvious reasons)
--------------------------------------------------------------------
= 208 million
320 million citizens - 208 million= 112 million people working not 150 million being reported unless every school child has a job. You are being Lied to.
you forgot to add the illegal aliens and the not quite employed self employed.
And I did add 1.3 million military as not having a job as I dont consider it one, its a conscripted sentence, but if you do subtract 1.3 million. LOL
go all the way and include all the .gov labor as de facto unemployed. that leaves about 3 people with a real job. do you want fries with that?
.gov labor is fully employed. They spend all day every day searching the Internet porn sites looking for terrorists ... for America's safety.
You forgot the 52 million that sold something on ebay at some point in the last year....
I believe that people having 2 jobs are counted twice and only then the numbers make sense!
The one I never got is if we have 150 million working people, but only 112 million tax payers this implies that we must have 38 million people that are either a swingin dick evangelist preacher or work for United Way. HA.
Well there does seem to be a shit ton of preachers. And they all appear to do a assload of dick swinging.
the difference is the 50 million or so illegals...
That's way low. The census number quoted at the link probably are low too, but it's a start at counting: https://www.numbersusa.com/content/learn/about/question-where-does-census-bureau-say-we.html
When the numbers dont add up
94 million working age not in the labor force
50 million school age children
49 million retirees
11 million disabled
4 million in prison or military which is (lumped together for obvious reasons)
--------------------------------------------------------------------
= 208 million
320 million citizens - 208 million= 112 million people working not 150 million being reported unless every school child has a job. You are being Lied to.
Halve the 112million or the 150million because they are being paid by gov or state
and you have either
56million..................supporting 320m
75million..................supporting 320m
And that is why USA owes 18T +
And has a deficit
USA and most western nations are all running the same way
Still can't hear me? I'll say it again, get long black markets, sharecropping, and guillotines... beat the rush.
Don't care for the term "Black Market".
Too many negitive connotations.
(it just killed the Confederate Battle Flag in the media sphere)
Your sentiment I agree with.
Absolutely. There will be growth in the underground economy. Just have to look back at the planned soviet economies to realize we are on the same road. I can't imagine what it's like to start a new small business these days. At least one in "full compliance"
I started a business..in Asia.
The USSA does not have a future.
Plus more people trading stocks these days.Not uncommon to make $1,000/day on a penny movement.
To: Barry
CC: Yellen
Subject: Labor Participation Rate
FUCK YOU ASSHOLES!!! ROT IN HELL!!!
At least we can get married to our own sex.....who needs a job?
You have to understand that .gov is doing precisely what it wants to do and what the Puppet Masters have as their goal.
When asked a few years ago about when will Affirmative Action end Obama answered: NEVER!
Since 2000, All Employment Growth Has Gone to Immigrants
Since Construction jobs in the USSA are pretty much a Latino industry now, e.g. Virginia has Guatemalans, El Salvadorans, etc all doing everything from roofing to building homes. And in the rest of America, or what was America, Mexicans do it. In fact Texas it is run just like in Mexico with the workers having to pay mordida the "little bite" to their boss, who is also Mexican.
Robots Move into Construction and Take Human Jobs
TiSA—A Cheap Labor Giveaway, Negotiated While You Weren’t Looking
The world in which White boys and girls were growing up became more alien, more hostile. It was no longer their world. They no longer had a sense of family, of belonging. They no longer had clear standards and models, no longer a clear image of what was expected of them. When young Whites lost their sense of belonging in the chaotic, racially mixed world into which they suddenly were thrust in the 1960s and 1970s, many of them also lost their sense of responsibility to that world.
STFU, Beaver Cleaver:-).....we now got 100 million Latino mouths to feed in this country:-)
... a Dutch team is creating te world’s first 3-D printed house.
The Dutch are a little late to the party. Check out the mansions and apartment buildings the Chinese are already producing.
http://3dprint.com/38144/3d-printed-apartment-building/
In the imortal words of Florence & the Machine- "They built this ship to wreck"
Interesting that the peak was the election of W, followed by 911 and the drop. That was what, 14 years ago? I have a feeling it's not going to get any better.
The trajectory during my lifetime (1944-now) has been down, but I think every country has a peak and then downward spiral. Read history and compare "great" nations' achievements with what they are today.
we are all greek now......under a rainbow flag, the new american way. we are all subject to the greek technique with no lubricant.
But!? But.!?
The Unemployment rate is near full employment!
(ho, ho, ho)
It seems we've caught the Socialist/Communist government disease of simply making stuff up in order to enhance our appearance.
Seems to me I recall a Presidential election once where we were warned of that... "In your heart you know he's right."
But the baby boomers, and a large percent of those who came after them, seem to believe that reality can be wished away.
I think some ...mabye alot of these people leaving the workforce are the Baby Boomers retiring....we know there is more of them than the next bunch..Xers or whatever they are called.....and yes they have to pay for all the old farts retiring....its going to eat them alive too...
Possibly...
But they normally only count the labor force as those who are at least 16 and have not reached age 65.
You got it; the boomers are selected out because of their age. The boomers supported their parents, and then some, during their working years but the boomer kids are unemployed in the basement and are not even supporting themselves.
But what cohort has been in charge of setting policies that lead to such a DISASTROUS result?
Nope! No plan...no great scheme to turn Merca into the Third World Fourth Reich that the rest of humanity despises...no conspiracy other than an insatiable oligarchy of gone-to-seed idots on steroids looting everything they still can before the tsunami of toxic derivative shit comes home to drown US.
Enjoy!
The rest of the world "is loving it" as they say at MacPiglet's fast swill trough.
By the way...
In 1977 most women were married and did not have to chase a paycheck. Prices have accelerated such that today, you need two incomes to get the same standard of living that was possible on one income in 1977.
WHAT DOES IT MEAN?
It means that working age people are half as wealthy today as they were in 1977.
As a former Physics Professor said back in 1996:
"I’d like to give women the option of being women again in the traditional way, in Nature’s way, the option of staying home and taking care of their children and making a home for their husbands. It wasn’t the feminists, of course, who changed our economy so that it’s no longer possible for many families to survive unless both the man and the woman are employed outside the home. A society which forces women out of the home and into offices and factories is not a healthy society. I’d like for our society to be changed so that it’s possible once again for mothers to stay at home with their children, the way they did back before the Second World War, back before the New World Order boys got their hands on our economy and launched their plan to bring the living standard of the average American wage earner down to the average Mexican level. I think many will want to stay home when it’s possible to do so."
Wait a minute. Karl Marx had pointed out more than 150 years ago: when women stay home to take care of kids, the elderly and household chores, it's unpaid work with unearned income to benefit Kapital machine and superstructure in reality. He continued to say that wage slavery depends on women's wombs and their efforts to perpetuate it. The professor is fucking too dumb to recognize the enslaving setup.
I never said they didn't work.
I said they didn't have to chase a paycheck.
You call it an evil setup because you don't like it. And why don't you like it?
You don't like it because you do not appreciate the value of taking care of kids and old people, but project that feeling of unworth onto 'men', 'society', whatever. It is impossible for you to know another's heart and mind. That feeling of unappreciation is coming from within you, not from without.
But the fact is the 'setup' you call 'evil' was chosen by nature...which is to say chosen by trial and error with survival hanging in the balance.
Have you faced the fact that it is LIFE that you believe to be evil? Apparently not or you would have volunteered for its opposite.
I understand most Muricans are deeply against thinking but once in a while it pays to revisit what have been discussed in the past.
"The slave receives a permanent and fixed amount of maintenance; the wage-labourer does not. He must try to get a rise of wages in the one instance, if only to compensate for a fall of wages in the other. If he resigned himself to accept the will, the dictates of the capitalist as a permanent economical law, he would share in all the miseries of the slave, without the security of the slave."
- Karl Marx - Value, Price and Profit 1865
Anybody who comes to Zerohedge to quote Karl Marx non-ironically, is truly lost.
You mean it wasnt sarcasm?
RIPS
"Anybody who comes to Zerohedge to quote Karl Marx non-ironically, is truly lost."
___
translation: "I don't need to think because my master thinks for me."