Home Topics in Depth Economics Record 95,102,000 Americans Not in Labor Force; Number Grew 18% Since Obama Took

  • Purveyor (2392 posts)
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    Record 95,102,000 Americans Not in Labor Force; Number Grew 18% Since Obama Took

    By Susan Jones | January 6, 2017 | 8:49 AM EST

    In this Dec. 15, 2009, file photo, President Barack Obama speaks about job creation and the economic recovery during a visit to a Home Depot in Alexandria, Va. (AP Photo/Susan Walsh, File)
    (CNSNews.com) – Barack Obama’s presidency began with a record number of Americans not in the labor force, and it’s ending the same way.

    The final jobs report of the Obama presidency, released Friday, shows that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009, when Obama took office, continuing a long-term trend that began well before Obama was sworn in.

    In December, according to the Labor Department’s Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November; and the labor force participation rate was 62.7 percent, a tenth of a point higher than in November.

    The participation rate dropped to a 38-year low of 62.4 percent on Obama’s watch, in September 2015. It was only 3-tenths of a point higher than that last month.

    more…

    http://www.cnsnews.com/news/article/susan-jones/record-95102000-americans-not-labor-force-number-grew-18-obama-took-office

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  • HIP56948 (1407 posts)
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    1. If wages stay the same and housing keeps going up, there's going to..

    …be a lot more Americans  out of the labor force and out of luck.  (As everyone here knows), We need to take much better care of our citizens.

    Unfortunately, with the present administration, the future looks bleak for the populace.

  • cascadiance (1390 posts)
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    2. I'm one of those that are no longer as being counted as "unemployed"…

    Since our f’d up statistics don’t keep track of the REAL numbers of unemployed people when they no longer collect unemployment as a reason why they interpret us as being “employed” again FALSELY!  We’re just being MORE screwed than those that just became unemployed is all!

    Vote AGAINST the race to the bottom by both corporate parties who seek to screw workers over globally!                                                                                  
  • MistaP (3722 posts)
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    3. and since it's CNS they'll blame it on Obama's "communist agenda"

    the Dems didn’t defend progressivism, only trumpeted how they “avoided a second Great Depression” by giving billions to Goldman-Sachs and, I dunno, the ARRA? Lilly Ledbetter?

    largely this is because they weren’t allowed to say Obama could’ve done better, because since he’d had Jonestown levels of adoration, a (super)majority, millions of voters he could turn against the defeated GOP’s Senators and Reps 2010 if they didn’t go along with what 70-90% of American wanted saying he could’ve done better would make his record look worse

    http://www.salon.com/2016/11/09/the-hillary-clinton-campaign-intentionally-created-donald-trump-with-its-pied-piper-strategy/ (Third Way = Bell Curve)
  • Phlem (358 posts)
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    4. Yep and all signs

    point to it getting worse in the future.
    :/