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US LOST 2 MILLION WORKERS IN 2013
Breitbart ^ | Jan 10, 2014 | By Mike Flynn

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 ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 0homocare; bhoeconomy; corruption; fraud; homoelectus; jobs; laborforce; layoffs; maybealittlebloooooo; obama; obamacare; obamalies; obamanomics; socialism; teacher; unemployment
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To: Jim Robinson

You and I discussed retirement at Thunderbird. You opened my eyes.

We’re all in that boat now.

As a youngster, I always wondered why the German populace allowed the monster to take power of their nation. Now I see.

Take care, brother.


41 posted on 01/10/2014 3:37:20 PM PST by glock rocks (If you like your health plan, you're a racist !)
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To: Gene Eric

Job creation stumbled in December, with the economy adding just 74,000 positions even as the Federal Reserve voted to take the first steps in eliminating its stimulus program.

The unemployment rate dropped to 6.7 percent, below economist estimates and due primarily to continued shrinkage in the labor force. The labor force participation rate tumbled to 62.8 percent, its worst level since January 1978.

http://www.cnbc.com/id/101326268


42 posted on 01/10/2014 4:02:45 PM PST by ilovesarah2012
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To: Jim Robinson

No problem.....just let ALL of the invaders stay and have all their friends and workers come join them, and we’ll have a lot more workers! (sarcasm, of course)


43 posted on 01/10/2014 4:05:02 PM PST by grania
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To: colorado tanker
One bad economic report and the Fed called off the talk about “tapering” the money machine.

The Fed never had any intention of slowing down the manufacturing of fake money. That was/is all smoke and mirrors. Just like all the BLS stats. Complete and utter BS.

Face it, logically, the Fed *can't* stop printing. No one is really buying US debt. For all practical purposes, the money the Fed is creating is financing US government debt. Fed stops and interest rates go up. The government can't finance the debt at real market levels.

They have painted themselves into a Catch 22 corner.....I love mixed metaphors.

44 posted on 01/10/2014 4:06:02 PM PST by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: Jim Robinson
"US LOST 2 MILLION WORKERS IN 2013..."

.... So the country lost 2 million workers in 2013 ..... and the unemployment rate dropped to 6.7% this month. This is obviously a winning strategy for the Obama Administration .... all they need to do now is lose another 2 million workers and the country will be at full employment status. And I bet they will reach their goal!!!

45 posted on 01/10/2014 4:37:17 PM PST by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
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To: RayChuang88
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.

Yep. I agree. Adding more taxes on the American people is what liberals like to do and it's a bad idea. I am also suspicious that 2M people stopped looking for work. That makes no sense. How could the workforce decline to 1970s levels? There has been a lot of population growth since then. This corrupt administration is just trying to lower the unemployment rate thinking average people will not notice the finagling.

46 posted on 01/10/2014 5:16:49 PM PST by plain talk
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To: Jim Robinson

They aren’t broadly reporting that 55,000 of those 74,000 December jobs were December Christmas Season retail jobs. Heard that on Fox Business earlier this evening.

So, in reality there were 19,000 jobs created in December.


47 posted on 01/10/2014 5:20:57 PM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: edpc

Global climate change caused by antropogenic warming is the cause of 2 million jobs disappearing.

There was a snow storm and they got lost on their way to work.

It’s not my fault!


48 posted on 01/10/2014 5:23:02 PM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

Also...

OVER HALF JOBS ADDED IN DECEMBER WERE TEMPORARY
Breitbart
http://www.freerepublic.com/focus/f-news/3110467/posts


49 posted on 01/10/2014 5:23:46 PM PST by Gene Eric (Don't be a statist!)
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To: RayChuang88
Not a good idea. Read up on the Smoot-Hawley Tariff and how that made the depths of the Great Depression worse.

Ah the Smoot Hawley boogie man.

Imports during 1929 were only 4.2% of the United States' GNP and exports were only 5.0%. Monetarists, such as Milton Friedman, who emphasize the central role of the money supply in causing the depression, note that the Smoot-Hawley Act only had a contributory effect on the entire U.S. economy

50 posted on 01/10/2014 5:26:10 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: plain talk

Never thought I’d see progressives on Free Republic defending income taxes and bad mouthing tariffs. Almost all the founders were in favor of tariffs.


51 posted on 01/10/2014 5:27:56 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Gene Eric

One small businessman on Cavuto was saying that he’s looking for any other option than hiring: out-sourcing, temp company, or technology. He said he’s actively avoiding hiring because it is the most expensive and the most unpredictable expense he has, and therefore, the worst way to get his work done. He needs predictability.


52 posted on 01/10/2014 5:34:12 PM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: DannyTN
High tariffs and low (or no) income tax is a Conservative position.

Conversely, Free Trade(no tariffs) and high income taxes are a progressive liberal position. No other way to look at it.

53 posted on 01/10/2014 5:37:15 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: xzins

Do you recall his industry? Tech, factory, service?


54 posted on 01/10/2014 5:37:21 PM PST by Gene Eric (Don't be a statist!)
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To: Gene Eric

No, I came in about 20 seconds after the segment started and missed it, but he’s in something that technology (I assume machines or robotics) could possibly replace workers is the way it sounded, so I’d guess against it being service.


55 posted on 01/10/2014 5:39:42 PM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: central_va

The liberals on Free Republic pushing tariffs and taxes on the American people should get the zot and get the hell out of here as far as I am concerned


56 posted on 01/10/2014 5:44:15 PM PST by plain talk
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To: plain talk

The FIRST bill that was signed into law by President Washington was the Tariff Act. That silly liberal George Washington. /sarc


57 posted on 01/10/2014 5:48:53 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Jim Robinson

I really hope that we find them.


58 posted on 01/10/2014 6:23:16 PM PST by MadMax, the Grinning Reaper
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To: Jim Robinson

Not “workers.”

Employees.


59 posted on 01/10/2014 7:01:21 PM PST by capecodder
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To: Jim Robinson

Yes but,,,

How many million workers do we have to lose before Obama’s labor department reports its a zero % unemployment rate?


60 posted on 01/10/2014 8:01:10 PM PST by sickoflibs (Obama : 'If you like your Doctor you can keep him, PERIOD! Don't believe the GOPs warnings')
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