The number of Americans whom the U.S. Department of Labor counted as “not in the civilian labor force” in August hit a record high of 88,921,000.
The Labor Department counts a person as not in the civilian labor force if they are at least 16 years old, are not in the military or an institution such as a prison, mental hospital or nursing home, and have not actively looked for a job in the last four weeks. The department counts a person as in “the civilian labor force” if they are at least 16, are not in the military or an institution such as a prison, mental hospital or nursing home, and either do have a job or have actively looked for one in the last four weeks.
In July, there were 155,013,000 in the U.S. civilian labor force. In August that dropped to 154,645,000—meaning that on net 368,000 people simply dropped out of the labor force last month and did not even look for a job.
Disrupting the Borg is expensive and time consuming!
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Obama said all we need are two million more college grads. I just wonder for whom he thinks they will work?
At this rate, after another 4 years of Obamanomics, the unemployment rate will be below 7% and 100,000,000 not working, but the claim will be we’re moving in the right direction.
We are witnessing the perpetual contraction of an economy; the permanent downsizing of a once mighty nation.
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And in August, another 75,000 Americans went on Social Security Disability.
What is it about 0bama that causes so many people to become disabled?
Isn’t a Messiah supposed to HEAL the sick?
This is a bit o/t but is too good not to share!
http://newsbusters.org/blogs/tom-blumer/2012/09/02/unions-and-university-endowments-have-invested-billions-bain-press-virtu
What was the number 2006 or 2008? That number is important, but you don’t normally hear it. Another interesting stat would the precentage of potential work force that is working and contrasting that to past years.