Skip to comments.US LOST 2 MILLION WORKERS IN 2013
Posted on 01/10/2014 12:54:38 PM PST by Jim Robinson
Friday's December jobs report was a major disappointment, showing the economy gained just 74k jobs last month. Economists had expected the economy to gain around 200k jobs. The unemployment rate, however, dropped to 6.7% as 347k frustrated job-seekers gave up and left the labor force. We are in an upside-down world where a drop in the unemployment rate is a bad sign for the economy.
The overall labor force shrunk dramatically last year. In December 2012, 155.4 million workers had a job or were actively looking for one. Last month, though, 154.9 million were in the labor force, a drop of over 500k Americans.
It is important to remember that the population grew last year. The US adult population grew by around 2.5 million people. If the labor force were the same percentage of the adult population as last year, 2 million more adults would have jobs or be actively looking for employment. Their disappearance is a drag on the economy.
(Excerpt) Read more at breitbart.com ...
Who cares? Breads and circuses for all!!
Well, we’re about to get 50 million from you-know-where.
The economic headwinds of previous years formed this winter’s Polar Vortex, don’t you know.......
Well then, let’s get that Amnesty passed!! /s
Looks like the Marxist/Socialist 0bama hasn’t run out of other peoples money yet but it’s getting close.
Report after report has told us how housing is picking up, the economy is growing and things are finally getting on track, and yet Obama is forced to extend unemployment benefits. Why? The number of people on welfare programs and disability are at an all-time national high. Why?
All around us, anecdotally, we continue to see the result of a bad economy, but the unemployment is magically down to 6.7%!
No, these people were not lost, Obama simply had no more use for them politically and it was expedient to airbrush them out of the official statistics.
I wonder who will get the first platinum EBT card for life?
I don’t think any of us doubt the fact that O came to destroy America through finances, jobs, and to create a ‘single payer system’ through Obama care.
I doubt the left ever intended the website to work right, it’s a great reason to move to single payer system in their minds, as Harry Reid said they would.
The jobs reports are so bogus in how they are created by gov’t ignoring those no longer collecting unemployment and those taking part time jobs that had full time jobs, etc.
Sad our country is being destroyed daily by the enemy within, while they lie about it.
Thank you Mr. Robinson for FR.
They were lost in the Obama triangle.
With any skill, this year will mark the end of Obama’s senate control.
Some already have. It is not intended to be, but when Jamal murders Shaquinta her EBT card becomes lifelong.
I'd rather have streamlined business regulations and a much simpler, more business-friendly tax code to really stimulate real business growth in the USA. In effect, make American businesses way more competitive in the export market.
Where do you think that Obamacare money went?
To Democrats. To 2014. For elections.
Uncontested voter fraud and 500million dollars means the Republicans will be wiped out in 2014.
Smoot Hawley wasn’t passed until 2 years into the Great Depression.
And at that time imports were only equal to 5% of GNP. There is no way that tariffs caused or even contributed greatly to the Great Depression.
Today, imports are equal to 16% of GNP and 23% of Americans are unemployed.
That’s right. It’s the employment numbers that matter.
The MSM is the greatest threat to the Country!
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