Posted on 07/03/2015 5:50:41 AM PDT by TurboZamboni
CNSNews.com) - A record 93,626,000 Americans 16 or older did not participate in the nation’s labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to the Bureau of Labor Statistics.
In June, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, hit 250,663,000. Of those, 157,037,000 participated in the labor force by either holding a job or actively seeking one.
The 157,037,000 who participated in the labor force equaled only 62.6 percent of the 250,663,000 civilian noninstitutional population, the lowest labor force participation rate seen in 38 years. It hasn’t been this low since October 1977 when the participation rate was 62.4 percent.
Another 93,626,000 did not participate in the labor force. These Americans did not have a job and were not actively trying to find one.
(Excerpt) Read more at cnsnews.com ...
I'd be ecstatic to give my second job to someone who actually wants/needs it. Unfortunately, even being literally right next door to an unemployment office, no one come in and seriously applies for jobs here.
Current policies are driving the economy underground. Undocumented employment is increasing exponentially.
I wouldn’t want to be the next President for anything. If a Republican gets in (Please, God!) s/he’ll be pilloried in the media 24/7 and asked DAILY about jobs, jobs, job - the economy, economy, economy, etc.
If it’s a ‘Rat - full steam ahead and the destruction of America will be complete! No jobs, and everyone on the dole!
I thank God EVERY day that I have a decent job. Can’t wait to leave it, though. Moving to the Hinterlands and farming full time awaits. ;)
But but commissar obols and his dol stooge say all is ok. One more lie.
But, but..the unemployment rate is at record lows...
Well, now, maybe so, but I just heard the Talking Head on ABCCBSNBCCNN say that the Unemployment Rate was at it lowest in 20 years, thanks to Saint Barrack, “Do not criticize him because he’s black and then you are a racist” Obama...
I suspect that also adding to the equation is that millions of folks refinanced and are paying significantly less on their mortgage allowing them to not seek full time work / work. Not that full time work necessarily exists.
Greece.
Greece + ExtortionCare = U.S.
Obama the great disaster maker.
I wonder how many of the people working are here taking the place of American workers are:
H1b lower wage Tech
Illegals taking jobs from Blacks and Poor unskilled Whites?
I'm not sure this is other than a symptom.
When I was fifty (that was in another lifetime) I lost a job I had for a long time. It took me just over 3 months to find another.
One of the conditions for collecting unemployment was to visit the unemployment office and sign up for ridiculous lectures on looking for work.
I did find employment after countless interviews, applications and sent resumes. I arranged exactly zero interviews or employment prospects through that unemployment office.
I suppose they might have some postings there a person could run down, but the office I visited seemed designed to give government workers a place to work. They have a captive audience, at least, if no real customers.
What is the pool on when this will reach 100 million.
I've NEVER had a problem finding a job. Almost every job interview I've ever been on usually ends with the words "When can you start?"
I just don't understand all these people out of of work. The company I work for now has several hundred jobs posted around the country. Some of these job postings have six figure salaries attached to them and the languish for months, for lack of good candidates to fill them.
A lot of younger people come through here and they only last a few months. The concept of getting up in the morning and showing up on time in a reliable manner seems challenging to them. The average employee takes more sick days in a year then I've taken in my entire 37 years of working
The work ethic in this country has been destroyed. We have made it too easy for folks to sit around at home and collect a government check. We are now a nation of mostly work-shy people.
In a perverse way, this has resulted in my career being very successful because of the lack of competition. I run the entire service operation for much of the Northeast for my company and they paid six figures to move me to the NYC area. Years ago, people would fight for the job I have today. Instead, I was one of the only viable candidates applying for the job.
My biggest challenge in my new job? Finding good people.
Blame HR, they are an impediment to progress. I'll bet they don't advertize that the positions pay 6 figures. Most HR dept are incompetent. Why else would they be in HR?
Or expand their empire. For the only time in my life, I signed up for unemployment when my contract programming job ran out in November. I figured I wouldn't get any work until January or so due to end-of-year budgeting constraints. I was right.
I signed up and the clerk started rattling off all the other benefits I "deserved". So help me Hannah, I felt like tentacles were wrapping around me. I physically recoiled and told the guy I knew I'd have a job by January or February, so this was just a short term gig.
He turned around and addressed the room, saying in a loud voice, "This applicant refuses any further benefits." I took it more as a CYA on his part ("I tried my best") as the others either ignored him or only momentarily looked up - possibly to see what an oddball looked like. This was in the Florida Panhandle.
LOL...good luck with that.
Part of, just part of, that 93m figure has to do with the fact that the Baby Boom started in 1946, and they started to retire *no later* than 2011. The number in retirement will bulge out for some time, probably another 15 years or so (most Boomers will not get any farther past age 85 than any other demo group does). Some retired early.
H1B jobs are skilled jobs; that has an impact on whether we rely on tech support (including for our banking; Office Depot's helpful chat now thing may or may not be overseas, but their accounting was offshored to Guatemala and somewhere in the Far East, last I knew) based here or based overseas. Tech support personnel *could be* employed right in their own homes, or on mobile phones, and might pay okay, but tech support is always a loss.
There are no H1B lettuce pickers.
There are H1B science students, doctoral students, post-docs, but alas, any of them from China are not as likely to stick around here, they go back home and build tomorrow's leading tech companies.
The remaining number is still scary, but the most frightening part of it is, the food supply will, if not move over the border and offshore, will more and more be produced by ESL with little education (in English) who will wind up killin' a bunch of people, assuming we don't all wind up starving. Oh, and as we soak up foreign-sourced food (properly labeled, so we don't wind up buying from the Zionist Oppressors of the Palestinian People), the cries that we're starving everyone else will increase. It'll be fun.
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