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Report: More Than 92 Million Americans Remain Out Of Labor Force
CBS DC ^ | May 2, 2014

Posted on 05/03/2014 1:23:57 PM PDT by george76

Despite the unemployment rate plummeting, more than 92 million Americans remain out of the labor force.

The unemployment rate dropped to 6.3 percent in April from 6.7 percent in March, the lowest it has been since September 2008 when it was 6.1 percent. The sharp drop, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a job as unemployed.

The bureau noted that the civilian labor force dropped by 806,000 last month,

...

The amount (not seasonally adjusted) of Americans not in the labor force in April rose to 92,594,000, almost 1 million more than the previous month. In March, 91,630,000 Americans were not in the labor force

(Excerpt) Read more at washington.cbslocal.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: bls; employment; jobs; laborforce; obamanomics; socialism; unemployment

1 posted on 05/03/2014 1:23:58 PM PDT by george76
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To: george76

If one were to ask how many people with a decent education were working a low-paying job, I doubt the numbers would be small. Underemployment is an understated problem.


2 posted on 05/03/2014 1:26:11 PM PDT by Morpheus2009
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To: george76

2013 American exports to China: 122 billion dollars.

2013 Chinese exports to America: 440 billion dollars.

The problem is we have sent a whole bunch of very productive jobs to China.

Which is now sending products back to America.

We need to return those jobs to America.


3 posted on 05/03/2014 1:27:16 PM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: george76

Despite the unemployment rate plummeting...

One can only ask what country was this in?


4 posted on 05/03/2014 1:28:06 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: george76
How many of those 92 million Americans who are "out of the labor force" are actually retired?
5 posted on 05/03/2014 1:28:25 PM PDT by Alberta's Child
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To: george76

92 million is almost 1/3rd of the entire population so why isn’t unemployment at 33% or even 30%? Oh that’s right, what Obama says is the truth.


6 posted on 05/03/2014 1:31:50 PM PDT by GrandJediMasterYoda (Hitlery: Incarnation of evil.)
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To: george76

www.whywork.org
CLAWS Creative Livable Alternative to Wage Slavery
It’s been going on well in the EU. Seems it’s catching on here. Yay! No more ‘Job Lock’!


7 posted on 05/03/2014 1:35:57 PM PDT by griswold3 (I was born here in America. I will die here in a third world country. Obama succeeded.)
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To: Alberta's Child

the labor participation rate drop is not due to people retiring given the participation rate for individuals 55 and older actually increased.

http://freebeacon.com/issues/labor-secretary-dismisses-historical-drop-in-labor-participation-rate/


8 posted on 05/03/2014 1:36:15 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: griswold3

They are not unemployed. Once they got their obamscare they quit and became poets and artists and stuff.


9 posted on 05/03/2014 1:37:58 PM PDT by shelterguy
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To: GrandJediMasterYoda

Less than 59 percent of adults are employed.

Guess the real unemployment rate.


10 posted on 05/03/2014 1:38:40 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

Mr. Obama is a mediocrity in every way but one: he is a great hater. Who does he hate? The easy and relatively superficial answer is whites. But that’s not quite right. He hates the ones who did build that. And so the entire agenda of Obama’s administration is focused on one thing: cutting them, the ones who did build that, down. It doesn’t take genius to destroy, it takes single-mindedness, in Obama’s case malevolent single-mindedness. So yes, he is up to the job, only not the job as a decent human being would view it. As to why Obama hates those who did build that: he knows, at a level that long ago was buried, that they’re better than him, beyond him, more capable by far. Heck, they’re more capable by far than me. Very early in life we make the choice to admire and emulate or hate and resent the ones who build that. Obama chose to hate and as president has been great. A great destroyer.


11 posted on 05/03/2014 1:50:05 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: Alberta's Child

Many were forced to retire.
Ask around and you will find tens of thousands who had to train their replacements.
It started back in ‘99 and it is growing into all areas except politicians.


12 posted on 05/03/2014 1:55:39 PM PDT by Zathras
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To: george76

Gone Galt.


13 posted on 05/03/2014 1:56:43 PM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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To: Alberta's Child
How many of those 92 million Americans who are "out of the labor force" are actually retired?

Depends on your definition, are we talking about people who planned their retirement or are most of them, as I suspect, victims of obama's campaign against job lock. I would venture that the vast majority are like me, forcibly freed of job lock by the residents determined assault on the American economy.

14 posted on 05/03/2014 2:02:07 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Morpheus2009

15 posted on 05/03/2014 2:16:16 PM PDT by Dallas59 ("Remember me as you pass by, As you are now, so once was I, As I am now, so you will be")
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To: george76

Unreal and I believe it because about a year and half after Obama took office the homeless where I lived seemed to triple, every stoplight hitting me up for money, and I believe they set records for food stamps now.

And they have the GALL to push another extreme leftist on the people like Hillary? WHAT? That would be like nuking the Titanic as it’s sinking. “Hey just make sure the US is good and dead, let’s bring in Hillary”


16 posted on 05/03/2014 2:49:31 PM PDT by GrandJediMasterYoda (Hitlery: Incarnation of evil.)
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To: Morpheus2009

It’s a huge number, especially with new grads. I know a few who worked in finance who are working crap jobs, one who’s driving a taxi! Thank you Barney Frank and Jamie Gorelick.


17 posted on 05/03/2014 2:51:43 PM PDT by GrandJediMasterYoda (Hitlery: Incarnation of evil.)
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To: george76; 4Liberty

The bureau noted that the civilian labor force dropped by 806,000 last month,

...

The amount (not seasonally adjusted) of Americans not in the labor force in April rose to 92,594,000, almost 1 million more than the previous month. In March, 91,630,000 Americans were not in the labor force.

http://www.freerepublic.com/focus/f-news/3151710/posts

Unemployment Drops to 0% as Last Worker Leaves Labor Force
The People’s Cube ^ | May 3, 2014 | Opiate of the People Posted by 4Liberty

Comrade Barack Obama today became the first to achieve a milestone coveted by enlightened central planners everywhere when the Bureau of Laborious Statistics announced the much-followed totally-meaningless “headline” U3 unemployment rate for last month was ZERO PERCENT! This means that the glorious economic recovery he engineered after the disastrous Bush years has now attained FULL EMPLOYMENT!

It is a tribute to Professor Obama that he was able to find the Holy Grail which eluded history’s greatest economic thinkers such as Lenin, Stalin and Mao. This landmark achievement along with his establishment of free healthcare for everyone via the Affordable Care Act cements his reputation as the Greatest Leader in this or any other universe for all time.

The dramatic moment occurred at 12:03 PM, four weeks to the day after Lyman Yilk, a pipe-fitter from Bittcling, Pa, finally gave up looking for work. Mr. Yilk has been unemployed since 2005 but was on a celebratory bender since the day after Mr. Obama’s first election and did not know that the Keystone Pipeline (which Mr. Yilk was hoping to find work on) had been cancelled due to environmental concerns. When he finally sobered up four weeks ago and learned the project was dead, he abandoned his search to find a job.

Mr. Yilk was the last worker to leave the labor force and turned the lights out as he left. According to the BLS definition:

Quote: U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks. Without Mr. Yilk, there was no one actively looking for work any longer, hence the U3 rate was now ZERO PERCENT, praise Obama!

Gloom-and-doom naysayers were quick to note that the labor force participation rate had also dropped to zero percent which (according to them) was not a good thing as it meant no one was employed. Comrade Nancy Pelosi countered their racist, straw-man argument brilliantly by observing that it also meant no comrade was any longer “job-locked” and each was free to be an artist, writer, hooker, etc, and pursue their passion.

“There is no underestimating this tremendous achievement of Barack Obama” said Paul Klugeman, an expert on hiding declines and fudging economic statistics as well being the self-proclaimed “Conscious Liberal”. “Comrade Obama has achieved the socialist dream of freeing all of The People ™ from the slavery of work and permitting them to live off of someone else’s dime as god, if he existed, would’ve wanted.”

Dr. Klugeman was asked if a problem would arise due to the fact that since no one was working, there would also be no one to pay for the benefits that all the non-workers were collecting.

“Nonsense”, he proclaimed. “The Fed will simply print money for artists and writers and hookers to use to buy things from China! What could go wrong?”

It seems so simple now, it’s a wonder no one ever thought of it sooner.

“The genius of Dear Leader Barack Obama lies in his simplicity”, said Dr. Klugeman.

We agree.


18 posted on 05/03/2014 3:44:31 PM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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To: Cringing Negativism Network

It’s not going to happen.

btw CHina had 21 million in auto sales last year compared to the U.S.’ 16.

We are no longer the biggest market.


19 posted on 05/03/2014 3:44:50 PM PDT by sunrise_sunset
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To: Zathras

“Many were forced to retire.

Ask around and you will find tens of thousands who had to train their replacements.

It started back in ‘99 and it is growing into all areas except politicians.”

That trend actually started a little earlier during the Clintoon years. During the early to mid 1990’s,I refused to work with new hired reps for that reason and the poor quality of reps hired to meet diversity quotas.

I took early retirement in 1996, and the sales rep, who was a Cuban from Miami replaced me barely spoke English and drove my old territory that grossed just under $10 million in a year into barely 5 figures. The Hispanic customers in this area couldn’t understand him.

The company asked me to work with him, and I refused. He tried to call me twice, and I sent his manager a $300 consulting bill for each call. I had become an independent consultant in that industry, and I was paid.

After the loser destroyed my old territory, the company moved him back to Miami to ruin another territory.


20 posted on 05/03/2014 4:03:52 PM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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To: VRWC For Truth

Pay the bills but starve the beast, gone Galt.


21 posted on 05/03/2014 4:34:10 PM PDT by tumblindice (America's founding fathers: all armed conservatives)
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To: Alberta's Child
How many of those 92 million Americans who are "out of the labor force" are actually retired?

I'll let you know after I get the secret retiree handshake next November. My guess is that many are retired like welfare queens are retired - take the dole from the gubmint and ain't gonna work noways.

22 posted on 05/04/2014 3:53:00 AM PDT by trebb (Where in the the hell has my country gone?)
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To: Grampa Dave

In 1994, I trained people from Europe on my job. My job eventually went to Europe. I’m one of those forced retirees.


23 posted on 05/04/2014 7:28:01 AM PDT by virgil (The evil that men do lives after them)
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To: virgil

“In 1994, I trained people from Europe on my job. My job eventually went to Europe. I’m one of those forced retirees.”

As I noted, our time periods are similar to when I refused to train my possible replacement when I was in my 50’s.

Many of the reps, who didn’t take early retirement, when I did, were eventually forced out of work, fired or given some type of settlement. Everyone of them was expected to train replacements on and off the job. I was fishing, working on jobs re my house and yard, and enjoying life. They were being treated like serfs and pressured into training their or other reps replacements.


24 posted on 05/04/2014 7:42:30 AM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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To: Cringing Negativism Network

Tell that to the Unions who pretty much killed business here and the US Government which punishes people who are make cash.


25 posted on 05/05/2014 6:08:20 AM PDT by Yorlik803 ( Church/Caboose in 2016)
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To: george76

The US population is about 320,000,000 if all of them were employable and 93,000,000 million were out of work, how would that equal 6%, looks more like 35%.


26 posted on 05/05/2014 11:59:41 PM PDT by itsahoot (Voting for a Progressive RINO is the same as voting for any other Tyrant.)
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To: Dallas59


I happen to know a Puerto Rican couple, only two languages, no Phd's (as far as I know) but two CPA's (with honors, LOL!), who did rather well in the burger flippin' business in Dallas, to the tune of low 8-digits at least.

27 posted on 05/06/2014 12:23:02 AM PDT by cynwoody
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To: itsahoot

Less than 59 percent of working age adults are employed.


28 posted on 05/06/2014 6:17:28 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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