Posted on 09/05/2014 10:17:23 AM PDT by Red Badger
CNSNews.com) - A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.
The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978.
BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.
In August, the civilian noninstitutional population was 248,229,000 according to BLS. Of that 248,229,000, 155,959,000—or 62.8 percent--participated in the labor force, meaning they either had or job or had actively sought one in the last four weeks.
The 92,269,000 who did not participate in the labor force are those in the civilian noninstitutional population who did not have a job and did not actively seek one in the last four weeks. Because they did not seek a job, they did not count as “unemployed.”
Of the 155,959,000 who did participate in the labor force, 146,368,000 had a job and 9,591,000 did not have a job but actively sought one. The 9,591,000 are the unemployed. They equaled 6.1 percent of the labor force—or an unemployment rate of 6.1 percent (which was down slightly from the 6.2 percent unemployment rate in July).
The 146,368,000 people employed in the United States in August was up 16,000 from the 146,352,000 who were employed in July.
1978.......hmmmm...........who was in the WH then?............lemme see.................oh yeah, Peanut Boy!.................
The ‘Post-Racial’ president is now the ‘Post-Employment’ president..................
Yeah baby...there is some real hope and change...Odumbo, king of the idiots.
Prior to 78 it was even lower. Is that because women were not as heavily in the work force?
The one thing these reports need to mention is the extent to which the non-retirement age population isn’t looking for a job compared to prior years. As Boomers age and retire, the non-participation rate will go up.
Everything is fine. You are obviously a lying racist
Possibly, but the reality is more likely to be Johnson’s ‘Great Society’ Programs................
U.S. Economy Adds 142,000 Jobs in August, Widely Missing Views
OH NO! The dreaded “less-than-expected”!!
“The U.S. economy added just 142,000 jobs in August, far below expectations as major sectors such as manufacturing, retail and transportation saw weak job creation.”
However....
“The unemployment rate fell by 0.01 percentage point to 6.1%....”
So they are still screwing around with the numbers.
Race Card not accepted at this location.
It has been worn out..........................
We have been in a depression for close to six years. If depression is measured by real unemployment, we are in the worst depression since the Great Depression.
heh...
Yes, and that has a double effect. It will be poison if the next administration is a Republican and they start using a real measuring stick. The numbers that have been fudged for 8 years will all of a sudden skyrocket up to their real places and the media will have a cow saying that it’s the new president’s incompetence.......................
We have empty storefronts all over town that just a few years ago were full of stores, merchandise and employed people................
I remember 1978 very well.
One of my sons was 16 and couldn’t find a part time job.
I read in the local paper that our police department had a program for troubled youths,which included finding them a job.
I remember saying to my husband that we should just tell our son to go throw a rock into a store window and then he’d get work.
Even then the law abiding working stiffs were getting shafted.
.
Even today around twenty five percent of population is voluntarily out of the work force. They are most often women who are home raising children and keeping house. A disproportionate percentage of men are presently doing the same as more men have been displaced in this economy than women.
The radical left has overused the race card just like the boy who cried “Wolf!”. Nobody believes it any more, except the one’s using it...................
In 78 I was employed at an aerospace company and we were worried about layoffs because the airlines were having a hard time and the gas shortages were all over the country.................
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