Americans Not In The Labor Force Soar To Record 94.7 Million, Surge By 664,000 In One Month

Tyler Durden's picture

So much for that much anticipated rebound in the participation rate. After it had managed to rise for 5 months in a row through March, hitting the highest level in one year, the disenchantment with working has returned, and the labor force participation rate promptly slumped in both April and May, sliding 0.4% in the past two months to 62.60%, just shy of its 35 year low of 62.4% hit last October. This can be seen in the surge of Americans who are no longer in the labor force, who spiked by 664,000 in May, hitting an all time high of 94.7 million. As a result of this the US labor force shrank by over 400,000 to 158,466K, down from 158,924K a month ago, and helped the unemployment rate tumble to 4.7%, the lowest level since 2007.

Adding the number of unemployed workers to the people not in the labor force, there are now over 102 million Americans who are either unemployment or no longer looking for work.

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Shizzmoney's picture

We unemployed some folks 

MillionDollarBonus_'s picture

How many times do we have to go over this? It doesn't make any sense to include people in the labor force who aren't looking for work! This could be anybody who is retired, or who has simply taken some time off to study, travel or pursue personal interests. Yes, many of these people are collecting welfare, but that is our right as Americans. We pay into the system, and we are all entitled to receive welfare from the system as and when we choose. That's what makes it fair.

101 years and counting's picture

"but that is our right as Americans. We pay into the system, and we are all entitled to receive welfare from the system as and when we choose. That's what makes it fair."\

either this is dripping with sarcasm, or you are a lazy sack of shit.

MillionDollarBonus_'s picture

If you think this is sarcasm, you are mistaken. And no, collecting welfare is not 'lazy', it's our right. There's plenty of wealth to go around - do you know what the average CEO salary at a fortune 500 is? Just one of those salaries could pay for a thousand people! So don't tell me that I can't get welfare ... OK??!!

VinceFostersGhost's picture

 

 

 

Record 94.7 Million

 

USA USA USA!!!

 

Do you believe in miracles?

onewayticket2's picture

it is not your "Right"

grow up.

Haus-Targaryen's picture

I just love how the left loves to conflate "right" and "privilege" to suit their political needs.  

Fuck them.  

101 years and counting's picture

nothing funnier than a loser admitting he's a loser.  its our "right" to get free shit.  i blame the lazy parents for raising that lazy sack of shit to expect everything for free.  no wonder bernie has a fighting chance still.  generation "entitled".

Expat's picture

I am afraid I don't understand this.  Welfare and other social programs exist because Americans have voted for them and support them.  You may be part of a minority who is adamantly against any government handouts but that does not mean that collecting welfare, social security or other state benefits is not a right.

If you feel that collecting money or services from the state is wrong, I entreat you to never call the police or fire department.  Deal with your garbage on your own property.  Send your children to private school.  Etc.

Opinions are fine but letting your opinion cloud your judgement of fact is a mistake and makes your arguments weak.  Basically you come across as some right-wing, uneducated Baptist from the deep South.  Wait, is that GW?

 

Haus-Targaryen's picture

I think most of us here are fine with social costs (e.g., taxes) when the benefits of those taxes are socialized (e.g., calling the police, or driving to work, etc., etc.,) because everyone benefits from these services equally.  

 

The problem I have is when the fees are socialized (e.g., taxes) but the benefits are privatized (e.g., welfare, both individual and corporate) when one person benefits to the exclusion of all others.  

 

I am completely fine with paying taxes for streets, bridges, railway, airports, etc., etc., but I am completely against taxes for welfare, food stamps, socialized housing or corporate welfare.  

 

Basically, you come across as some pompous left-wing low-information authoritarian asshole from from trendy overpriced shithole part of town. 

mwrobe1's picture

"Basically, you come across as some pompous left-wing low-information authoritarian asshole from from trendy overpriced shithole part of town. "

Money quote.  Brilliant.

Expat's picture

No, actually I am a wealthy, retired oil trader with centrist to right-wing political tendencies. However, I happen to believe that ad hominem insults are a first and last resort for people who have little else to contribute.

My point is not that I for or against any form of socialism.  My point is that the people on this blog are arguing their opinions and using those opinions to merely insult.  Welfare happens to be a right in the US.  Now, feel free to argue that you disagree with that right and justify why you are against it.  But denying the right exists is counter-factual and simply reduces your arguments to rabid ravings.

And feel free to insult me. Your insults, like your arguments, are pointless and childish.

Haus-Targaryen's picture

"I happen to believe that ad hominem insults are a first and last resort for people who have little else to contribute."

 

Um ....

 

"Basically you come across as some right-wing, uneducated Baptist from the deep South."

 

But I digress

 

Congratulations on being wealthy.  I am too.  What do that have to do with anything?  

 

Regrettably for your thought process, "rights" "entitlements" and "privileges" are not synonymous with one another. To argue they all mean the same, *especially* in a legal context reduces your arguments to rabid ravings while highlighting you lack a fundamental understanding of how government works, and where your actual rights come from.  

 

 

Continue to insult people who disagree with you.  Like your faux-arguments ... they have no meaning, and are merely a collection of words.  

 

 

Assclown.  

reader2010's picture

You forgot to point out that war is the biggest welfare and it is a perpetual welfare blackhole. America is all about business and America's most important business is to make sure MIC can make astronomical profits from taxpayers.  Compared to the amount of the money spent on war,  the amount of money spent on feeding the hungry and the needy is extremely extremely small in absolute amount and in total percentage. If you oppose welfare and you are not against perpetual war machine, you're either fake or stupid and full of shit.

Truther's picture

MDB, You are fucking pathetic to the bone. Go suck up someplace else Bitch, I heard Big O is looking for a Reggie replacement.

Bill of Rights's picture

Fuck off, and no that aint sarcasm

PirateOfBaltimore's picture

It is impossible to have a "right" (technically a positive right) which inherently relies on taking from others, thus violating their real and actual rights.

 

There are no positive rights in the Bill of Rights, nor are social payments included in there.  You are wrong, and a dangerous fool peddling misinformation.

Marvin the Martian's picture

 

"plenty of wealth to go around" 

So continue to waste your life accomplishing nothing. Or just kill yourself, same fucking thing.

What is that end or goal for which we should direct all of our activities? Everywhere we see people seeking pleasure, wealth, and a good reputation. But while each of these has some value, none of them can occupy the place of the chief good for which humanity should aim. To be an ultimate end, an act must be self-sufficient and final, “that which is always desirable in itself and never for the sake of something else” (Nicomachean Ethics, 1097a30-34), and it must be attainable by man. Aristotle claims that nearly everyone would agree that happiness is the end which meets all these requirements. It is easy enough to see that we desire money, pleasure, and honor only because we believe that these goods will make us happy. It seems that all other goods are a means towards obtaining happiness, while happiness is always an end in itself.

Kirk2NCC1701's picture

I must've been beamed into a Parallel Universe, because I actually find myself agreeing with MDB on this one -- albeit for a different reason:

The more are on welfare, the SOONER we stop remodeling "This Old Shithouse", and the sooner we get to Systemic Collapse.

.

I'm low on Hopium, so... Bring it!

bobsmith5's picture

Thank you MDB for your ignorant stupid NON sarcastic remarks.  There was a time when I, like many others, wished you would just go away, but I have come to very much appreciate you being here to remind us all how we should not think.  You are here to remind us that indeed there are many, many people who think exactly as you, mind controlled, dumb downed, and brainwashed by concepts and ideas which do not fundamentally stand up to reason or the facts upon which well reasoned concepts are based.

 

The only reason why you post here has to be because you want to be beat up and humiliated by massive down votes.  Surely you cannot possibly think you are changing anyone's mind.  That cannot be your reasons for posting here, so that leaves only a deep psychological need to be punished because in your heart of hearts you know you are totally wrong and fundamentally ignorant as to how the world really works. 

 

Thank you once again for reminding how corrupt and twisted the human mind can become from the intellectual destruction of socialism.

True Blue's picture

The thing of course that million dollar turd ignores is that many if not most EBT collecting free-shitters never payed in a single dime.

Oldwood's picture

If we only had the RIGHT to disparage you and not rely on anonymity for cover....but we know that would be a hate crime.

BandGap's picture

I think the rules will be simplified over the next few years. Get while the gettin' is good.

New TV show: Have vs. Have Nots

BorisTheBlade's picture

Nice try. Entitlement to benefits while out of work destroys incentive to look for one, further, burden of paying for unemployed is shifted towards those who are working, who are in turn disincentivized to work since they carry double burden. And if all those 'breaks' were gardening leaves, all North Americans deserts would be one beautiful garden by now. 100 million is a yuuuge army (which might be the real intention, if you drill down a bit).

Bill of Rights's picture

Funny part of your rant is NO ONE CARE OR BELEIVES YOU ANY MORE!

shovelhead's picture

You gotta hand it to MDB.

I ain't seen so many panties in a twist since Chubby Checker.

VladLenin's picture

Hey million. Surprised to see you here. I thought you'd be sleeping in this morning after you and your FSA comrades mobbed Trump supporters last night. You motorboating bastards.

I know it's against FSA policies and procedures, but you might want to hold on to that Soros cash you received after the riot, Deutsche Bank looks like it's about to go tits up any second now. Did you know Soros was rich? And the vast majority of the centeral bankers are leftists? Probably not, because there's one thing you can count on about the left, they only have two brain cells, who spend all there time butt fucking each other.

Friedrich not Salma's picture

Hell ya! And I should get a big, fat check from my automobile insurance company every year in the amount of my premiums paid if I didn't have an accident that year. I paid into it, so it's my right to get all of my money back!

vulcanraven's picture

You can find most of these people outside of Trump rallies.

CHoward's picture

NOW...this is the singular number that NO ONE WANTS TO TALK ABOUT!!  Shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh...

chunga's picture

War is peace? Freedom is slavery? Ignorance is strength?

In this context, there's something Orwellian sounding about a "labor force". Like we should be afraid of being captured by it or something. It's all just surreal.

shovelhead's picture

I like it.

It has a nice Soviet style proletariat ring to it. Muy machismo.

https://speckycdn-sdm.netdna-ssl.com/wp-content/uploads/2011/08/propogan...

onewayticket2's picture

"Employment gains for April and March, meanwhile, were reduced by a combined 59,000. The government said 123,000 new jobs were created in April instead of 160,000. March's gain was lowered to 186,000 from 208,000.....458,000 people leaving the labor force"

buzzsaw99's picture

i'm kind of looking. either volunteer work or a part time minimum wage position which boils down to the same thing really.

Arnold's picture

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Tell me about it.

Not really, but you need to FEEL better about it.

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1980XLS's picture

Obama will raise the Min wage to $25 per hr.

That will get 'em off the Bench!

hotrod's picture

Count me in.  Just got done watering the cows. 56

brushhog's picture

Same here. I just came in from letting the cows and sheep out. Yesterday spent the whole day shearing sheep ( $$ ) and today I have veggies to hoe. When the weather clears I'll spend the rest of summer baling hay.   According to the government I don't work and wouldnt want to.

clinically alive's picture

Technology replaces jobs. This system of job enslavement for monetary gain has run its course, time to evolve.

nibiru's picture

If war is there to put countries in debt to put a collar on them so why not more 'peaceful' way of putting the collar around the neck of the homegrown society?

 

http://independenttrader.org/the-true-reason-behind-armed-conflicts.html

shovelhead's picture

Let those techy types do the work while we relax.

That might catch on.

Arnold's picture

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It will ultimately Crash the Fine Art, Auto Restoration, and Music Markets.

There are too many 'creative people' with dead time on their hands.

The markets will be flooded.

roguetraderinchicago's picture

Does the "not in labor force" number reflect retiring baby boomers? That would help explain its steady rise as they bleed off

brushhog's picture

No because the biggest drop in employment, in terms of age groups is the younger 18-34 year olds. The older 40-65year olds have actually experienced a rise in employment.

Oldwood's picture

This boomer ain't retiring anytime soon...unless it's a "forced" retirement.....or death. Democrats have a tendency to count dead folk's votes so maybe they have accidently been included into the "out of the workforce" numbers as well.

This is Obama's big lie, that these high numbers are actually indicating economic success as prosperity has enabled millions to "retire".

Utopia at last!

Soylent Green is PEOPLE!

replaceme's picture

I am dying to go to the fever swamp boards, see how this is because of all the 'boomers retiring', that UE is way down. Maybe that'll be my after lunch treat.

financialrealist's picture

I think the late Prince knew something with "1999". Everything seemed to peak that year in terms of prosperity. It's been down hill ever since