Skip to comments.People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981
Posted on 05/05/2012 1:43:55 PM PDT by Iam1ru1-2
it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
Labor force participation Rate:
People not in labor force:
either you’re employed or you’re not, right?
This is all about what lie works the best to keep everyone confused and willing to believe whatever you are told. In this case the lie that those no longer being counted by the various government entities commonly referred to as Department of Human Resource Development are somehow not qualified to be called "unemployed". Why? Because they no longer are qualified to receive unemployment benefits because their benefits have simply run out.
I must first disclose my own personal bias. I am one of those mythical entities referred to as "People Not In Labor Force". I became one unexpectedly in May 2010 when my unemployment checks stopped appearing in my mailbox (about $500 a week less federal taxes) even though I was still religiously filing my paperwork and looking for work.
On that day I was magically changed from someone actively seeking employment to someone: who voluntarily retired early; who was now collecting disability; who was now living off some other government entity; who's wife is now carrying the load because she is able to work (this one is true); who is __________ (fill in the blank).
The truth is that I am 63 now (I was younger then) and no longer seem to be worth the simple dignity of a letter letting me know I'm too old. Hey! There are only so many Wal-Mart greeters in the world, ya know.
Guys (and gals) don't believe that cr*p being spread out there about how those of us on unemployment are living the life of Riley. We're not. However, once we are no longer receiving any form of government largess it is not right to simply no longer count us as part of the unemployed. I am still out there trying to find that job, if there is one. Maybe I'll get that one you are seeking while on unemployment and being counted (ha! ha! ha!).
What is kinda kool though is that I can still vote, and I remember how I got here in the first place. And my being here does have a very negative impact of the US economy... after all, I cannot buy what I have no money for.
You ain’t seen nothing, yet. A very few of us are already looking realistically at the years ahead as a difficult adventure. Many others are looking unrealistically at the future, indulging in fantasies of grandeur. Others yet, refuse to look realistically at the present trends and are saying (with some anger and hysteria) that all will be well.
ATTN: WILLARD !
Gonna give you a head start.
Wanna be considered the best Pres. ever? Eliminate corp tax, cap gains tax etc. and watch this country take off!
Otherwise, you’ll just be the scapegoat for barry’s $#1t legacy.
--23,395,287 (age 65 and over: male 17,745,363/female 23,377,542)86,285,010 are not in workforce because they're under 15 or over 64. And that was using 2011 numbers. So the 88,000,000 people not in the working force include those who are too young, too old, too sick, as well as that number of people who COULD work if they could find a job who USED to be employed. That last number is the smallest fraction of those who are not currently employed.
--62,889,723(age under 14: male 32,107,900/female 30,781,823)