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Keyword: laborforce

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  • More jobs than job seekers bodes well for U.S. labor force in 2016, expert says

    02/09/2016 8:04:17 AM PST · by SeekAndFind · 50 replies
    Daily News ^ | 02/09/2016 | BY DR. STEVEN LINDNER
    Although stock portfolios may be looking bleak with the sudden fall in the market indices, employment prospects for job seekers have never looked better. I don't have a crystal ball, but there are some strong indicators that 2016 has much to offer in terms of achieving our career aspirations. Currently there are more jobs available than job seekers. According to the U.S. Department of Labor, the current unemployment rate is trending downward, a positive sign for all us -- it was 4.9% in January, down from 5% the previous month. In some parts of our country, we have unemployment rates...
  • Americans are losing jobs to a visa program [H-1B]. Can it be fixed?

    02/04/2016 8:26:52 AM PST · by ConservingFreedom · 52 replies
    Christian Science Monitor ^ | February 3, 2016 | Schuyler Velasco
    [...] Its supporters, including the Obama administration, have touted the H-1B as a way to inject highly sought-after skills into the US talent pool. But more often, critics say, big companies exploit it to reduce labor costs, leaving more and more skilled American tech workers out of a job. "There are literally tens of thousands of American workers who have trained their foreign replacements," says Ronil Hira, a public policy professor at Howard University and a leading authority on H-1Bs. "And the workers being imported have no more than ordinary skills that are abundantly available in the US." [...] it...
  • Don't Show Trump This Chart: All U.S. Job Gains Since Dec. 2007 Have Gone To Foreign-Born Workers

    02/05/2016 8:59:34 AM PST · by SeekAndFind · 20 replies
    Zero Hedge ^ | 02/05/2016 | Tyler Durden
    With the Fed on the verge of a full relent and admission of policy error, the Fed's "data (in)dependent" monetary policy once again takes on secondary relevance as we progress into 2016. However, even with the overall job picture far less important, one aspect of the US jobs market is certain to take on an unprecedented importance. We first laid out what that is last September when we said that "the one chart that matters more than ever, has little to nothing to do with the Fed's monetary policy, but everything to do with the November 2016 presidential elections...
  • Obama Quips That New Low Unemployment Number Is 'Inconvenient' For Republican Candidates

    02/05/2016 1:25:44 PM PST · by Kaslin · 36 replies
    Townhall.com ^ | February 5, 2016 | Cortney O'Brien
    "Americans are working," President Obama proudly declared at a White House press conference Friday morning. He was referring to the new jobs report that revealed unemployment has dropped to 4.9 percent - the first time it's fallen below 5 percent in 8 years. The president also remarked on how his administration has added 14 million new jobs over his tenure and that over the past 6 months wages have risen at an impressive rate. He couldn't help pointing to falling gas prices as well. After gleefully sharing these new numbers, Obama quipped that the supposedly successful economy is "inconvenient" for...
  • Obama's Unemployment Sleight of Hand

    02/05/2016 1:41:51 PM PST · by Kaslin · 14 replies
    Townhall.com ^ | February 5, 2016 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: We have an audio sound bite here from Obama, the press conference I mentioned an hour ago. He went out there and he was praising his economy. He was heralding first-time unemployment rate as being under 5% for the first time in seven years. That's essentially since he took office. The first time. When have you ever heard that referred to: "The first-time unemployment rate is now at 4.9%"? What's that? Does anybody have any memory of hearing the unemployment rate referred to as "the first-time unemployment rate"? Well, there's a reason he said it. It's because...
  • As America’s Workforce Ages, Here’s Where the Jobs Will Be

    12/09/2015 6:52:37 AM PST · by SeekAndFind · 2 replies
    Wall Street Journal ^ | 12/09/2015 | By JEFFREY SPARSHOTT
    The U.S. labor force is expected to expand only slowly over the coming decade as the country ages and more Americans give up on holding a job, a potential drag on broader economic growth. The economy is expected to generate 9.8 million new jobs, a 6.5% increase, from 2014 to 2024, the Labor Department said in new projections released Tuesday. While steady, that is a historically slow pace. By comparison, 10-year job creation averaged almost 14% during the 2001-07 expansion and close to 17% during the 1990s. The slowdown highlights declining participation as baby boomers retire and younger Americans opt...
  • Labor Participation Rate Remains At 37 Year Low As 94.5 Million Remains Outside The Labor Force

    11/06/2015 7:53:18 AM PST · by SeekAndFind · 4 replies
    Zero Hedge ^ | 11/06/2015 | Tyler Durden
    In another sign that the labor market slack, at least from the Fed's perspective, is now reaching a peak, the Household survey reported that while the civilian labor force rose by over 300K in October, the number of people not in the labor force actually declined by 97K to 94.5MM (as those employed rose by 320K), following an exodus from the labor force of over half a million in September. Despite this headline improvement, however, the participation rate remained at 62.4%, same as the prior month, and at a level last seen in 1977. Elsewhere, the civilian employment to...
  • 15 jobs that are quickly disappearing

    10/15/2015 9:12:53 AM PDT · by SeekAndFind · 23 replies
    Business Insider ^ | October 14, 2015 19 hours ago | Rcahel Gillett
    Thanks in part to advances like email, Facebook, and Twitter, mail carriers will be all but obsolete in the not-so-distant future. By 2022, the US Bureau of Labor Statistics projects a 28% decline in postal-service jobs, totaling around 139,100 fewer positions. Mail carriers aren't the only ones whose jobs are disappearing. Technology and market shifts have affected a wide range of fields. Based on the BLS's occupational outlook data, here are 15 American jobs that are on their way out. 1. Printing worker According to the BLS, printing workers inspect random samples during print runs to identify problems and make...
  • Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

    10/07/2015 7:15:45 AM PDT · by SeekAndFind · 28 replies
    TEC ^ | 10/07/2015 | Michael Snyder
    The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough to keep up with population growth. Sadly, the truth is that the real numbers were actually far worse than that. The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force”...
  • Fed in focus as jobs data looms

    10/02/2015 4:12:39 AM PDT · by expat_panama · 22 replies
    Yahoo Finance ^ | Fri, Oct 2, 2015 | Lionel Laurent
    LONDON (Reuters) - Gains for European and Asia stocks capped a wild week for financial markets on Friday, ahead of a key U.S. jobs report that could determine the chances of the Federal Reserve raising interest rates before year-end. Concerns about U.S. monetary policy and slowdown in emerging markets led by China have hit commodities markets and related stocks like Glencore and sent credit spreads wider this week in the wake of a summertime surge in volatility. An escalation of fighting in Syria, with Russian air strikes marking its biggest Middle East intervention in decades, has so far failed to...
  • 3.5 Million More Foreign-Born Workers Employed Since Obama Took Office

    10/02/2015 7:26:01 AM PDT · by markomalley · 21 replies
    Washington Free Beacon ^ | 10/2/15 | Ali Meyer
    There are 3,553,000 more foreign-born workers employed today than when President Obama took office in January 2009, according to data from the Bureau of Labor Statistics (BLS).There are currently close to 25 million foreign-born workers employed in the United States, and this number increased by 14,000 in September. In January 2009, when the president took office, there were only 21,928,000 foreign-born workers employed.The BLS does not distinguish between legal immigrants who are permitted to work here and illegal aliens in this data set.While the number of employed foreign-born workers is increasing, the number of native-born workers has declined. For the...
  • Jobs up only for immigrants, +14,000, down 262,000 for 'native-borns'

    10/02/2015 9:26:53 AM PDT · by b4its2late · 12 replies
    Washington Examiner ^ | 10/2/15 12:13 PM | Paul Bedard
    For a third month in a row, native-born Americans saw their job numbers tumble while immigrants experience solid gains. According to the montly Bureau of Labor Statistics numbers just released, "foreign-born" jobs numbers increased by 14,000, while those for "native-born" Americans fell off a cliff, by 262,000. Over the past three months, the job numbers for native-born have dropped by nearly 1 million, exactly the number of jobs President Obama promised to add when he ran for re-election in 2012. During that period, jobs for immigrants grew 218,000.
  • Big miss: U.S. added only 142K jobs in September

    10/02/2015 5:45:28 AM PDT · by John W · 28 replies
    cbsnews.com ^ | October 2, 2015 | CBS/AP
    <p>The U.S. economy added only 142,000 jobs last month, the Labor Department said Friday. The unemployment rate remained unchanged at 5.1 percent.</p> <p>Analysts had forecast growth of a much more robust 206,000 jobs and an unchanged unemployment rate.</p> <p>Wages were flat in In September, with average hourly earnings at $25.09, following a 9-cent gain in August. Hourly earnings have risen by 2.2 percent over the year. Average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $21.08 in September, the department said.</p>
  • Participation Rate Crashes To October 1977 Level: Americans Not In Labor Force Soar By 579,000

    10/02/2015 6:19:48 AM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 10/02/2015 | Tyler Durden
    While the September jobs number was an absolute disaster, here is the real punchline: in September, the people not in the labor force soared by a whopping 579,000 to a record 94.6 million, up from the previous record 94.0, even as number of people employed - according to the household survey used to calculate the "5.1%" unemployment rate - tumbled by 236,000 to 148.8 million.And as a result of this latest surge in people who aren't working, nor want to work, the participation rate crashed yet again, and sliding from 62.6% to 62.4%, it was the lowest since October...
  • If You Really Want To Know The Truth About The Unemployment Rate Read This Article

    09/05/2015 4:30:10 PM PDT · by SeekAndFind · 10 replies
    End of the American Dream ^ | 09/05/2015 | Michael Snyder
    The Obama administration is telling us that the unemployment rate in the United States has fallen to 5.1 percent, but does that number actually bear any resemblance to reality? On Friday, news outlets all over America celebrated the fact that the U.S. economy added 173,000 jobs in August. We were told that the unemployment rate has fallen to a seven year low and that wages are going up. So everything must be getting better for the middle class, right? After all, isn’t that what the official numbers are telling us? The financial markets are buzzing over this news because...
  • Record 94 Million Americans Not In The Labor Force; Participation Rate Lowest Since 1977

    09/04/2015 6:46:49 AM PDT · by SeekAndFind · 24 replies
    Zero Hedge ^ | 09/04/2015 | Tyler Durden
    While the kneejerk headling scanning algos are focusing on the seasonally-adjusted headline monthly NFP increase which came in a worse than expected 173K, the presidential candidates - especially the GOP - are far more focused on another data point: the labor force participation rate, and the number of Americans not in the labor force. Here, they will have some serious ammo, because according to the BLS, the main reason why the unemployment rate tumbled to the lowest since April 2008 is because another 261,000 Americans dropped out of the labor force, as a result pushing the total number of...
  • 56,085,000 Women Not in Labor Force; Participation Rate Declines to 56.7%

    07/02/2015 8:20:27 PM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | July 2, 2015 | 9:17 AM EDT | Ali Meyer
    There were 56,085,000 women 16 or older who did not participate in the nations labor force in June, as the labor force participation rate dropped to 56.7 percent, according to the Bureau of Labor Statistics. This means that 56,085,000 women did not have a job or actively seek one in the past four weeks. The civilian labor force, which consists of all people in the civilian noninstitutional population who either had a job during the month or actively sought a job declined in June to 73,547,000 from the 73,577,000 in the labor force in May.
  • 93 Million Americans Remain Out Of The Labor Force Despite Nearly 400K Work Pool Increase

    06/05/2015 7:17:55 AM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 06/05/2015 | Tyler Durden
    The reason why despite the better than expected increase in jobs the US unemployment rate rose from 5.4% to 5.5% even as the number of Unemployed workers rose by 125K to 8,674MM was due to the 397K influx into the civilian labor force which rose to 157.459MM, a new record high in the series, which on the surface would suggest declining slack as more people who have been traditionally left out of the employment calculation go back into the labor pool.Which aslo meant that since the total US civilian non-institutional population rose by half this number, the number of...
  • Minnesota's youth exodus spells trouble ahead for labor force

    04/21/2015 5:52:24 AM PDT · by TurboZamboni · 19 replies
    Start Tribune ^ | 4-18-15 | Jackie Crosby
    Every year since 2002, Minnesota has been losing residents to other states. Whats worse: Young adults are leaving in the greatest numbers. Casey Sperzel is Minnesotan through and through. She grew up in Maple Grove, went to college at the University of Minnesota, and lived in both St. Paul and Minneapolis. But when the 27-year-old met with a job recruiter last year, she was set on the Pacific Northwest. I dont think Ill be back, said Sperzel, now with a Seattle ad agency. States are scrambling for young professionals like Sperzel to help offset the wave of baby boomer retirements....
  • Americans Not in Labor Force Exceed 93 Million for First Time; 62.7% Labor Force Participation

    04/03/2015 11:51:16 AM PDT · by Olog-hai · 51 replies
    Cybercast News Service ^ | April 3, 2015 - 8:58 AM | Ali Meyer
    The number of Americans 16 years and older who did not participate in the labor forcemeaning they neither had a job nor actively sought one in the last four weeksrose from 92,898,000 in February to 93,175,000 in March, according to data released today by the Bureau of Labor Statistics. That is the first time the number of Americans out of the labor force has exceeded 93 million. Also from February to March, the labor force participation rate dropped from 62.8 percent to 62.7 percent, matching a 37-year low. Five times in the last twelve months, the participation rate has been...
  • The Great Worker Shortage

    04/01/2015 6:59:31 AM PDT · by SeekAndFind · 26 replies
    Forbes ^ | 04/01/2015 | Steve Moore
    The great conundrum of the U.S. economy today is that we have record numbers of working age people out of the labor ‎force at the same time we have businesses desperately trying to find workers. As an example, the American Transportation Research Institute estimates there are 30,000 – 35,000 trucker jobs that could be filled tomorrow if workers would take these jobs–a shortage that could rise to 240,000 by 2022. While the jobs market overall remains weak, demand is high for in certain sectors. For skilled and reliable mechanics, welders, engineers, electricians, plumbers, computer technicians, and nurses, jobs are plentiful;...
  • 56,023,000: Record Number of Women Not in Labor Force

    03/06/2015 9:34:56 AM PST · by Olog-hai · 15 replies
    Cybercast News Service ^ | March 6, 2015 - 10:07 AM | Ali Meyer
    A record 56,023,000 women, age 16 years and over, were not in the labor force in February. Not only was that a record high, but its also the first time the number has exceeded 56 million, according to data from the Bureau of Labor Statistics (BLS). To be counted as not in the labor force, according to the BLS, one must not have a job or have looked for one in the past four weeks. In January 2015, there were 55,756,000 women not in the labor force, which means that 267,000 women dropped out of the labor force since then....
  • Heres What The Unemployment Rate Looks Like If You Add Back Labor Force Dropouts

    03/06/2015 8:04:52 AM PST · by E. Pluribus Unum · 12 replies
    The Federalist ^ | 03/06/2015 | Sean Davis
    The Department of Labor announced today that the official unemployment rate fell to 5.5 percent last month, the lowest its been since Spring of 2008. Good news, right? Well, kind of. The official unemployment rate masks a problem thats been plaguing the economy since shortly before the 2009 recession: a continuing decline in the labor force participation rate, which basically measures the percentage of the able-bodied population thats either working or looking for work. After holding steady at roughly 66 percent from 2004 through late 2008, the labor force participation has been falling, and falling, and falling some more, with...
  • 62.8%: Labor Force Participation Has Hovered Near 37-Year-Low for 11 Months

    03/06/2015 7:39:18 AM PST · by E. Pluribus Unum · 1 replies
    CNSNews.com ^ | 03/06/2015 | Ali Meyer
    (CNSNews.com) - The labor force participation rate hovered between 62.9 percent and 62.7 percent in the eleven months between April 2014 and this February, and has been 62.9 percent or lower in 13 of the 17 months since October 2013. Prior to that, the last time the rate was below 63 percent was 37 years ago, in March 1978 when it was 62.8 percent. The labor force participation rate declined to 62.8 percent in February, while another 92,898,000 Americans were not in the labor force, according to data released from the Bureau of Labor Statistics (BLS) on Friday. The participation...
  • Record 92,898,000 Americans Not In The Workforce

    01/10/2015 9:02:10 AM PST · by BenLurkin · 58 replies
    breitbart.com ^ | January 9, 2015
    A record 92,898,000 Americans 16 years and older did not participate in the labor force last month, according to data released by the Bureau of Labor Statistics. The BLS defines people not in the work force as people 16 years and up who are not employed and havent made specific efforts to find employment sometime during the 4-week period ending with the reference week. The labor force participation rate or the The labor force as a percent of the civilian noninstitutional population also dipped back down to 62.7 percent, from 62.9 percent in November.
  • Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Not In Labor Force

    01/09/2015 9:55:23 AM PST · by SeekAndFind · 19 replies
    Zero Hedge ^ | 01/09/2015 | Tyler Durden
    Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in the labor forced soared by 451,000 in December, far outpacing the 111,000 jobs added according to the Household Survey, and is the primary reason why the number of uenmployed Americans dropped by 383,000.And...
  • 'Unauthorized' Aliens With Jobs Outnumber Non-College-Grad Adults Seeking One

    12/05/2014 3:27:14 PM PST · by Nachum · 11 replies
    CNS ^ | 12/5/14 | Terence P. Jeffrey
    Aliens illegally holding jobs in the United States outnumber all unemployed people who are not in management, professional or related occupations as well as all unemployed who are 25 and older and who do not have a college degree, according to an estimate of "unauthorized workers" published by the Chief Actuary of the Social Security Administration and employment data published by the Bureau of Labor Statistics. The BLS only counts as "unemployed" people who have actively looked for a job in the past four weeks. We estimate that the number of unauthorized workers grew from 4.8 million in 2000 to...
  • Full-Time Jobs Down 150K, Participation Rate Remains At 35 Year Lows, "No Job Market For Young Men"

    12/05/2014 8:44:55 AM PST · by GilGil · 21 replies
    Zerohedge ^ | 12-5-2014 | Tyler Durden
    Survey was nowhere close to confirming the Establishment Survey data, suggesting jobs rose only by 4K from 147,283K to 147,287K, and furthermore, the breakdown was skewed fully in favor of Part-Time jobs, which rose by 77K while Full-Time jobs declined by 150K.
  • Giving up: 40% women, 28% men, 39% youth don't want a job

    11/14/2014 7:28:35 AM PST · by george76 · 56 replies
    Washington Examiner ^ | November 14, 2014 | Paul Bedard
    Nearly four in 10 Americans, or 92 million, are not in the labor force and now theres a reason why: They have simply given up and dont want to work. According to the Bureau of Labor Statistics, the largest group of people not in the labor force are those who dont want a job, a remarkable statement on the nations work ethic. The federal job counter said that 85.9 million adults last month didnt want a job, or 93 percent of all adults not in the labor force. ... Pew said that 39 percent of 16- to 24-year-olds dont want...
  • Rush dares to say it: Ozero's economy numbers are MADE UP

    10/06/2014 9:16:11 AM PDT · by GodAndCountryFirst · 14 replies
    El Rushbo ^ | Oct. 3
    There they the ones who aren't are exceptions. In fact, John Crudele is one of the exceptions. He had a story in the New York Post detailing how that 7.9% number was entirely made up. He did a column on how it was created, how it was artificially manufactured, and how they massaged it to make it 7.9%. He did a piece on how it was illegitimate, and he had been warning prior to the number how they were gonna do it. So he did a column detailing how they did it and so forth. But my guess is most...
  • Under 6 Percent Unemployment Rate May Really Be Double? Economic Experts Explain Why

    10/06/2014 9:27:32 AM PDT · by SeekAndFind · 6 replies
    Ch ^ | 10/06/2014 | Samuel Smith
    While people celebrate the fact that America's unemployment rate has fallen below six percent for the first time since 2008, some economic experts say not so fast and point out the discrepancy between the unemployment rate and the number of unemployed persons. The Bureau of Labor Statistics data released its unemployment summary for the month of September on Friday and found that the country's overall unemployment rate decreased by 0.2 percentage points to 5.9 percent, the lowest the rate has been since July of 2008. Additionally, employers added approximately 248,000 jobs in the month. American Enterprise Institute resident scholar in...
  • Record 92,584,000 Not in Labor Force; Participation Hits 36-Year Low

    10/05/2014 8:22:12 AM PDT · by Olog-hai · 19 replies
    Cybercast News Service ^ | October 3, 2014 - 9:19 AM | Ali Meyer
    A record 92,584,000 Americans 16 and older did not participate in the labor force in September, as the labor force participation rate dropped to 62.7 percent, a level it has not seen in 36 years, the Bureau of Labor Statistics reported on Friday. Six times in the last twelve months, the participation rate has been as low as 62.8 percent; but Septembers 62.7 percent is the lowest since February of 1978. The participation rate is the percentage of the civilian non-institutional population who participated in the labor force by either having a job or actively seeking one. Those not in...
  • Record 55,553,000 Women Not Participating in Labor Force

    10/03/2014 10:11:48 AM PDT · by Olog-hai · 26 replies
    Cybercast News Service ^ | October 3, 2014 - 9:48 AM | Ali Meyer
    A record 55,553,000 women 16 years and older did not participate in the labor force in September, according to data from the Bureau of Labor Statistics (BLS). This means that 55,553,000 women in the United States did not have a job and did not actively seek one in the past four weeks. The number of women not in the labor force increased from 55,345,000 in August to 55,553,000 in September, an increase of 208,000.
  • 1 in 4 Americans 25-54 Not Working

    09/26/2014 10:07:01 AM PDT · by george76 · 20 replies
    Weekly Standard ^ | Sep 26, 2014 | DANIEL HALPER
    There are 124.5 million Americans in their prime working years (ages 2554). Nearly one-quarter of this group28.9 million people, or 23.2 percent of the totalis not currently employed. They either became so discouraged that they left the labor force entirely, or they are in the labor force but unemployed. ... Those attempting to minimize the startling figures about Americas vanishing workforceworkplace participation overall is near a four-decade lowwill say an aging population is to blame. But in fact, while the workforce overall has shrunk nearly 10 million since 2009, the cohort of workers in the labor force ages 55 to...
  • Why A Higher Unemployment Rate Is Actually Good News This Time

    08/01/2014 8:36:16 AM PDT · by nhwingut · 27 replies
    Huffington Post ^ | 08/01/14 | Mark Gongloff
    The job market is still not the greatest, but we just got one hopeful sign that it might be improving a bit. The economy added 209,000 jobs in July, and the unemployment rate ticked up to 6.2 percent from 6.1 percent, the Bureau of Labor Statistics said Friday. Believe it or not, both of those numbers are encouraging. The reason the first number is encouraging is because, duh, jobs. The encouraging part of the second number, the unemployment rate, is less obvious. Normally, higher unemployment is bad news, and people seeing HIGHER UNEMPLOYMENT on the evening news tonight will naturally...
  • Report: Labor force drop had pre-recession roots

    07/17/2014 3:59:42 PM PDT · by NormsRevenge · 6 replies
    Yahoo! News ^ | 7/17/14 | Jim Kuhnhenn - ap
    WASHINGTON (AP) Declaring the Great Recession only partly to blame, White House economists say the increasing number of Americans dropping out of the labor force dampens economic growth and demands policy changes that create more job opportunities and add workers. In a new report released Thursday, President Barack Obama's Council of Economic Advisers point to an aging population as the biggest single factor contributing to the lowest participation rate in 36 years. The report also says the elevated unemployment rate, which climbed to 10 percent in 2009, drove workers to put off looking for a job. But they say...
  • Record Number of Americans Not in Labor Force in June

    07/03/2014 7:43:51 AM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | July 3, 2014 - 8:48 AM | Ali Meyer
    The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS). This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks. That is up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April.
  • 1 in 6 American Men Between Ages 25-54 Are Not Working

    05/30/2014 9:01:11 AM PDT · by george76 · 52 replies
    Weekly Standard ^ | May 30, 2014 | DANIEL HALPER
    There are currently 61.1 million American men in their prime working years, age 2554. A staggering 1 in 8 such men are not in the labor force at all, meaning they are neither working nor looking for work. This is an all-time high dating back to when records were first kept in 1955. An additional 2.9 million men are in the labor force but not employed (i.e., they would work if they could find a job). A total of 10.2 million individuals in this cohort, therefore, are not holding jobs in the U.S. economy today. There are also nearly 3...
  • 92,594,000: Americans Not in Labor Force Hits All-Time Record; Participation Rate 36-Year Low

    05/05/2014 8:05:29 AM PDT · by xzins · 35 replies
    CNS News ^ | May 2, 2014 | Terence P. Jeffrey
    A record 92,594,000 Americans were not in the labor force in April as the labor force participation rate matched a 36-year low of 62.8 percent, according to data released today by the Bureau of Labor Statistics. In March, according to BLS's non-seasonally adjusted data, there were 91,630,000 Americans not in the labor force. In April, that increased by 964,000 people to an all-time record of 92,594,000. The previous record was 92,534,000, set in January of this year. The BLS's seasonally-adjusted number for people not in the labor force--which was 92,018,00 for April--was also an all-time record. This was up 988,000...
  • Game-changer Jobs Report?

    05/04/2014 10:10:24 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | May 4, 2014 | Larry Kudlow
    Does a solid jobs report change the overall economic picture and offer the beleaguered Democratic party a new leg up for the midterm elections? My answer is no and no. Even with all the political slicing and dicing that accompany these big reports, the April employment survey was a lot stronger than virtually anyone expected. Nonfarm payrolls surged by 288,000. Private payrolls gained 273,000. The unemployment rate registered a big decline, dropping from 6.7 percent to 6.3 percent. Some are arguing that lower unemployment is a function of 806,000 dropouts from the labor force. But that's a reach. In the...
  • Report: More Than 92 Million Americans Remain Out Of Labor Force

    05/03/2014 1:23:57 PM PDT · by george76 · 27 replies
    CBS DC ^ | May 2, 2014
    Despite the unemployment rate plummeting, more than 92 million Americans remain out of the labor force. The unemployment rate dropped to 6.3 percent in April from 6.7 percent in March, the lowest it has been since September 2008 when it was 6.1 percent. The sharp drop, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a job as unemployed. The bureau noted that the civilian labor force dropped by 806,000 last month, ... The amount (not seasonally adjusted) of Americans not in the labor force...
  • U.S. job growth jumps, but shrinking labor force a blemish

    05/02/2014 1:55:35 PM PDT · by Oldeconomybuyer · 4 replies
    Reuters ^ | May 2, 2014 | BY LUCIA MUTIKANI
    U.S. employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a dreadful winter and keeping the Federal Reserve on track to end bond purchases this year. The brightening outlook was, however, tempered somewhat by a sharp increase in the number of people dropping out of the labor force, which pushed the unemployment rate to a 5-1/2 year low of 6.3 percent. Wage growth also was stagnant. About 806,000 people dropped out of the labor force in April, unwinding the previous months' gains. That helped to push down...
  • Labor Secretary Dismisses Historical Drop in Labor Participation Rate

    05/02/2014 1:56:34 PM PDT · by Nachum · 14 replies
    free beacon ^ | 5/1/14 | staff
    Secretary of Labor Tom Perez dismissed todays reported drop in the labor participation rate this morning on CNBC. According to the Department of Labor the economy created 288,000 jobs in the month of April, but the labor participation rate dropped 0.4 percentage points back to a historical low of 62.8 percent. Host David Faber put it to Perez directly, noting the labor participation rate drop is not due to people retiring given the participation rate for individuals 55 and older actually increased. The civilian labor force dropped by 806,000 in April. The participation rate down by 0.4 percentage points, lowest...
  • The household survey is insane, Opinion: Dont believe the drop in the unemployment rate to 6.3%

    05/02/2014 9:00:21 AM PDT · by Oldeconomybuyer · 19 replies
    Market Watch ^ | May 2, 2014 | By Rex Nutting
    The household survey is simply insane. Do not pay any attention to it. Do not make eye contact. Just calmly walk away. Its simply not believable that the labor market contracted so violently according to one survey, while at the same time a separate survey of business establishments showed strong payroll growth of 288,000. Consider this: The jobless rate fell because 733,000 fewer people were considered unemployed. Thats the largest one-month decline since 1949, when unemployment fell by 920,000 when two large national strikes concluded. Nothing like that happened in April.
  • Obama Kills Employment Dead, Buries It, Tamps Down the Earth and Walks Away

    04/13/2014 5:55:26 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | April 13, 2014 | John Ransom
    Macroman wrote: No one detests President Obama more than I, but I must point out two overstatements in this column. 1. "...employment in 2012 is roughly the same as it was back in 2001...Obama has compressed a lost decade into just three years." Labor force participation has been declining since 2000, not just 2008. That seems a partial reversal of the increase that occurred since about 1965. Obama had little to do with any of it. -Polls, Pump, No Friend to Obama Dear Comrade Macroman, Yes, labor force participation rates have been going down since 2000. But to pretend that...
  • EPAs Climate Regulations Will Harm American Manufacturing

    03/07/2014 4:12:40 PM PST · by 1rudeboy · 35 replies
    The Heritage Foundation ^ | March 4, 2014 | Nicolas Loris and Filip Jolevski
    The Environmental Protection Agencys (EPA) forthcoming climate change regulations for new and existing electricity generating units have been appropriately labeled the war on coal,[1] because the proposed limits for carbon dioxide emissions would essentially prohibit the construction of new coal-fired power plants and force existing ones into early retirement. However, the casualties will extend well beyond the coal industry, hurting families and businesses and taking a significant toll on American manufacturing across the nation. Congress should stop the EPA and all other federal agencies from regulating carbon dioxide and other greenhouse gas emissions. Driving Energy Prices Up, Economic Activity Down...
  • Obama Spins Subsidies Both Ways

    02/13/2014 12:10:27 PM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 13, 2014 | Peter Schiff
    In our current age of spin and counter-spin, there is no contortion too great for a politician to attempt. On occasion, however, the threads of one story become entangled with another in a manner that should deeply embarrass, if the media were sharp enough to catch it. This happened last week in response to the Congressional Budget Office's (CBO) bombshell report on how Obamacare incentives could reduce the size of the labor force by more than two million workers by 2017. While the report did not reflect the Republican spin (that the law will cause employers to kill jobs -...
  • Baby Boomers Give Up, Drop Out of U.S. Labor Force

    02/12/2014 9:08:22 PM PST · by smokingfrog · 52 replies
    Insurance Journal ^ | 2/11/14 | Victoria Stilwell
    When Robin McLanes generation hit public schools in the 1950s, there were never enough classrooms or teachers to accommodate the bulge, she said. So shes not surprised about the latest shock that boomers are delivering to the U.S. economy. People all around me, relatives and friends, are either retiring, or theyre finding its very difficult to find work anywhere from 55 on, said the 65-year-old, who lives in Portsmouth, New Hampshire, and retired from her job as a high school literacy specialist in June. For me, I was ready to move on. The share of Americans in the labor force,...
  • Reporter to Carney: How Does Less People Working Due to Obamacare Not Hurt The Economy?

    02/06/2014 1:33:20 PM PST · by Sir Napsalot · 32 replies
    RCP Video ^ | 2-6-2014
    JAY CARNEY: First of all, let me just correct you. You asked about the deficit. As the CBO reported yesterday, consistent with what is reported in the past, the CBO projects that the Affordable Care Act will reduce the deficit by a trillion dollars. (snip) And I think one hugely significant one is the historic reduction in health care inflation that we've seen. We've had the slowest rate of health care cost growth in 50 years since the Affordable Care Act was passed, which directly contradict those who oppose the Affordable Care Act. ..... The CBO report says specifically, contrary...
  • Meet the 99.999999 Percent: Theyre worried about jobs and growth, not inequality.

    02/10/2014 8:46:06 AM PST · by SeekAndFind · 1 replies
    National Review ^ | 02/10/2014 | James Pethokoukis
    Forget about the 1 percent versus the 99 percent. Its really more like the 0.000001 percent versus everybody else. A tiny group mostly comprising the Obama White House, a bunch of Washington Democrats, progressive economists, and the media elite continues to fixate on income inequality as Americas greatest challenge. Most everybody else, the 99.999999 percent, sees things differently. Surveys continue to show Americans most worried about jobs and economic growth, not the income gap between the top and bottom. Its a rational view given new employment data from the government. The January jobs report showed only 113,000 net...