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Disaster: 4 out of 10 Working Age Americans Have No Job (95 million +)


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2017 Jan 6, 8:26am   2,452 views  9 comments

by freespeechforever   ➕follow (2)   💰tip   ignore  

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

Record 95,102,000 Americans Not in Labor Force; Number Grew 18% Since Obama Took Office in 2009

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

"- 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.

 
People over age 16 who are no longer working or even looking for work, for whatever reason (retirement, school, personal preference, or gave up), are counted as not participating in the labor force.

When President Obama took office in January 2009, 80,529,000 Americans were not in the labor force, the highest number on record. That number rose steadily during his two terms, reaching a record 95,055,000 in November 2016, then setting another record (95,102,000) in December."

#FuckingDisaster

Comments 1 - 9 of 9        Search these comments

1   zzyzzx   2017 Jan 6, 8:59am  

It's all Obama's fault!!!

Trump will fix this.

2   rootvg   2017 Jan 6, 9:22am  

No, bringing the corporate tax rate down to fifteen percent and repatriating several trillion Dollars that are parked offshore will fix this.

I'm worried about inflation. Very worried, frankly.

Even Larry Summers says having this many males between the ages of 25-54 out of the workforce is killing us.

https://www.washingtonpost.com/news/wonk/wp/2016/09/26/larry-summers-a-disaster-is-looming-for-american-men/?utm_term=.ae1aea90e631

We have to find a way to get that monkey off our backs.

3   Strategist   2017 Jan 6, 9:24am  

rootvg says

We have to find a way to get that monkey off our backs.

Wait for Trump.

4   Blurtman   2017 Jan 6, 9:42am  

Work is for losers!

5   HEY YOU   2017 Jan 6, 10:19am  

The 4 out of 10 have received their TRICKLE DOWN,VOODOO,SUPPLY SIDE ECONOMIC CHECKS.
The other 6 will be receiving theirs the day of the Inauguration.
They don't need NO STEEKIN'JOBS!

6   Strategist   2017 Jan 6, 11:18am  

jazz music says

Business might get so desperate that they break down and start offering good wages and benefits again.

Hard working and productive people always get better wages and benefits.
The lazy, useless ones deserve a pay cut.

7   AllTruth   2017 Jan 6, 12:04pm  

This is a national tragedy and shame, and a big part of why we're seeing massive, widespread backlash against the establishment, Jaramillo merely grow in genuine size and rage over time.

8   HEY YOU   2017 Jan 7, 9:06am  

How many stupid slime Republicans have been buying outsourced products for years?
I want cheap prices even though it will destroy my job rather than demand a living wage.
Stupid is unfixable!

9   AllTruth   2017 Jan 7, 9:56am  

Godamn bastard piece of shit politicians in Washington D.C. don't give a flying fuck about average a Americans as long as they and their families are taken care of.

MOTHER FUCKING SCUMBAGS!!!

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