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Labor Force Participation Rate for 25-29 Year Olds Hits Record Low
CNS News ^ | May 6 2014 | Ali Meyer

Posted on 05/07/2014 4:47:24 PM PDT by MeshugeMikey

The labor force participation rate in April 2014 for Americans ages 25 to 29 hit the lowest level recorded since 1982, when the Bureau of Labor Statistics (BLS) started tracking such data.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Government
KEYWORDS: obamacrash
a big chunk of those......were Obie Voters.....OH WELL
1 posted on 05/07/2014 4:47:24 PM PDT by MeshugeMikey
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To: MeshugeMikey

2 posted on 05/07/2014 4:51:52 PM PDT by kingattax (America needs more real Americans.)
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To: kingattax

Far Out Dudette!!! all Fried Up......and ready go go...


3 posted on 05/07/2014 4:52:51 PM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: MeshugeMikey

But....but....but..... unemployment rate is 6.7%. How can that be? Damn Republicans....... Bush’s fault.


4 posted on 05/07/2014 4:53:01 PM PDT by Ben Mugged (The number one enemy of liberalism is reality.)
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To: MeshugeMikey

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


5 posted on 05/07/2014 4:54:32 PM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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To: MeshugeMikey

Dude...pull up your pants!


6 posted on 05/07/2014 4:54:47 PM PDT by Huskrrrr
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To: MeshugeMikey

The ones who voted for Obama willingly dropped out. Why work when the government hands you everything you need to live?


7 posted on 05/07/2014 4:55:26 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: MeshugeMikey

Welfare pays better when your young


8 posted on 05/07/2014 4:57:28 PM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: Opinionated Blowhard

maybe bot the ones who voted for obama the FIRST TIME he ran but those who voted for this LAST TIME most certainly.


9 posted on 05/07/2014 4:59:14 PM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: Grampa Dave

Not far from reality


10 posted on 05/07/2014 4:59:30 PM PDT by GeronL (Vote for Conservatives not for Republicans!)
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