[Pecos]

The simpler number is that 93 MILLION able-bodied Americans of working age are not currently employed. And every month, the Bureau of Labor Statistics "revises downward" the previous month's report of jobs created....and the MSM never asks why that august body is always wrong. It's as if the NYT put bold black headlines on the front page, and the next day wrote their retraction on page Z-59.

The next time you hear one of those reports, please remember that about 250,000 jobs have to be created every month just to keep up with the country's birth rate.

[SeekAndFind]

RE: The simpler number is that 93 MILLION able-bodied Americans of working age are not currently employed

Let’s be a little more realistic...

The 93 million number is padded, since this number includes a lot of Americans who WOULD NOT BE expected to be working. Specifically:

• People age 16 to 17, who likely are in high school: 9 million

• People who are enrolled in either two- or four-year colleges: 21 million

• People age 65 and older, who have reached retirement age: 40 million people

That means 20 million people are of normal working age, not in college and not working. That’s less than one-quarter the amount repeatedly cited.

So the above 90 million number is exaggerated. Even so, the idea that fewer people are joining the workforce is something that worries economists.