People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981

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%. ...

Building the Dole Army for the future of Socialism

Sad but true.

Slowly more and more people people are being forced into dependence upon the government as their savings run out and the value of their assets decline while the cost of the necessities increase. Eventually there will be no one who remembers working and being responsible for your own care, just like those on generational welfare

35.7% of the ‘working age’ population - aren’t

Over a third of the population that can - aren’t working.

8.1%, by some fantasy, may be officially unemployed but 35.7% are not working.

We go from this silly game of free market Socialism to Socialism without the illusion, where no one could tell the difference between a fascist despot or a communist. And we’ve created the perfect cultural cesspool for our grand experiment to fester in.

The civilian labor force shrank in April by 342,000 workers, and remains below where it stood when the economic recovery started 34 months ago, according to data released Friday by the Bureau of Labor Statistics. Had the labor force not declined, unemployment would have been 8.3% in April, instead of the 8.1% reported.
That same month, more than 225,000 workers applied for Social Security disability benefits, and nearly 90,000 were enrolled, according to new data from the Social Security Administration.
Compared with June 2009, the month the economic recovery officially started, the labor force has shrunk by 365,000, a trend that has never occurred in any post World War 11 recovery. Those saw the labor force climb by the millions by this point in their recoveries, even as unemployment rates were driven down.
http://news.investors.com/article/610306/201205040931/labor-force-shrinks-as-disability-grows.htm
As IBD reported recently, more than 5 million workers and their families have enrolled in the disability program since Obama took office.

YIKES!

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