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Keyword: laborforce

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  • 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...
  • EPA’s 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 Agency’s (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 McLane’s generation hit public schools in the 1950s, there were never enough classrooms or teachers to accommodate the bulge, she said. So she’s 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 they’re finding it’s 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: They’re 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. It’s 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 America’s 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. It’s a rational view given new employment data from the government. The January jobs report showed only 113,000 net...
  • Why Obamacare is a Plague on America in 13 Quotes

    02/08/2014 5:33:40 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | February 8, 2014 | John Hawkins
    1) 1 In 4 Voters Already Know Someone Who Has Lost Insurance because of Obamacare: One in four Americans have either lost their health insurance because of Obamacare or know someone who has, according to a new poll shared first with The Daily Caller. The YG Network Congressional District Poll of 1,652 likely voters in 11 competitive U.S. House districts indicates Obamacare will be a powerful issue that motivates voters in important races in 2014. Twenty-seven percent of respondents claimed knowing someone or personally receiving a health-insurance cancellation notice. 2) Almost all of the people signing up for Obamacare lost...
  • The New Workers' Party

    02/07/2014 6:45:25 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 7, 2014 | Mona Charen
    The Obama administration's response to the Congressional Budget Office's prediction that Obamacare will cause 2.5 million fewer Americans to work in the coming years is an opportunity for Republicans to seize the moral high ground on the issue of work. Rather than dispute the CBO's analysis -- which would have been awkward, as the White House has touted CBO's predictions in the past -- the administration is spinning the jobs loss as a kind of liberation. No longer tied down to the pesky need to earn a salary, some Americans will be able to follow their bliss. The is part...
  • Fry Cook Shifted to Part-Time Work Confronts Obama

    02/04/2014 10:18:26 AM PST · by Red Badger · 83 replies
    http://www.nationalreview.com ^ | February 4, 2014 11:45 AM | By Andrew Johnson
    During a Google Hangout session on Friday, fry cook Darnell Summers told President Obama that his hours were cut due to the Affordable Care Act. “We were broken down to part time to avoid paying health insurance,” he said. Summers explained that he makes $7.25 an hour and has been on strike four times seeking a wage increase. “We can’t survive, it’s not livin’,” he said. The president responded by urging states to increase the minimum wage. “I am working to encourage states, governors, mayors, state legislators to raise their own minimum wage,” Obama said. “Obviously, the way to reach...
  • Democrats new argument on Obamacare jobs decline: It reduces ‘job lock’

    02/05/2014 12:16:41 PM PST · by SeekAndFind · 33 replies
    Washington Post ^ | 02/05/2014 | Aaron Blake
    Democrats are increasingly employing a new tack in the battle over a projected reduction of two million jobs due to Obamacare, saying the decline is actually the result of people not being required to work anymore when they don't want to -- a concept labeled "job lock.""Yesterday, the CBO projected that by 2021 the Affordable Care Act will enable more than 2 million workers to escape 'job-lock' – the situation where workers remain tied to employers for access to health insurance benefits," House Minority Leader Nancy Pelosi's (D-Calif.) office said in a news release.The release continued: "In addition to being...
  • White House: It's A Good Thing That Obamacare Will Drive 2.5 Million Americans Out Of The Workforce

    02/05/2014 12:20:08 PM PST · by Responsibility2nd · 48 replies
    Yahoo/Forbes ^ | 05/05/2014 | Avik Roy,
    Yesterday, Washington’s official non-partisan bean-counter, the Congressional Budget Office, dropped a bomb. By 2024, says the CBO, Obamacare will reduce the size of the U.S. labor force by 2.5 million full-time-equivalent workers. That’s roughly triple what the CBO had estimated three years ago. Such a sizeable decline in the labor force will have substantial detrimental effects on the U.S. economic and fiscal picture. But the CBO wasn’t responsible for the most amazing thing that happened yesterday. That title belongs to the Obama White House, where Press Secretary Jay Carney claimed that 2.5 million Americans leaving the workforce was a good...
  • Obamacare’s Scorekeepers Deliver a Game-Changer

    02/05/2014 12:40:54 PM PST · by nickcarraway · 23 replies
    Washington Post ^ | Dana Milbank
    For years, the White House has trotted out the nonpartisan Congressional Budget Office to show that Obamacare would cut health-care costs and reduce deficits: Live by the sword, die by the sword, the Bible tells us. In Washington, it’s slightly different: Live by the CBO, die by the CBO. The congressional number-crunchers, perhaps the capital’s closest thing to a neutral referee, came out with a new report Tuesday, and it wasn’t pretty for Obamacare. The CBO predicted the law would have a “substantially larger” impact on the labor market than it had previously expected: The law would reduce the workforce...
  • Obamacare may prompt people to work less

    02/05/2014 12:53:31 PM PST · by rightwingintelligentsia · 13 replies
    CNN Money ^ | February 4, 2014 | Tami Luhby
    Many workers may opt to work less to retain their eligibility for Medicaid or federal subsidies under Obamacare, a new report has found. The Affordable Care Act could reduce the labor force by the equivalent of 2.5 million workers in 2024, according to the non-partisan Congressional Budget Office's annual outlook. That doesn't mean employers will start swinging the ax or even that that many jobs will be lost, CBO says. Rather, more people will likely opt to reduce their hours, or leave the workforce entirely, so they stay under the income caps for Medicaid and federal subsidies.
  • Harry Reid Says Unemployment is a Good Thing – It’s “Free Agency” (Liberal Logic)

    02/05/2014 12:47:35 PM PST · by Kaslin · 39 replies
    Townhall.com ^ | February 5, 2014 | Michael Schaus
    The Congressional Budget Office released a report that suggests almost 2.5 million workers might lose their jobs (or have their hours cut to part-time) in the next few years thanks to the implementation of Obamacare. The average American might see this as a worrisome report from the non-partisan CBO about the unintended consequence of government’s regulatory take-over of healthcare… But Harry Reid and other Democrat big-wigs are trying to spin this as a positive. The Democrat from Nevada even suggested that the individuals who are set to lose their job should be happy, because they are about to become “free...
  • The Quarterback of Obamacare Doesn’t Like the GOP Senators’ Alternative

    02/06/2014 8:10:07 AM PST · by 2ndDivisionVet · 18 replies
    The Weekly Standard ^ | February 3, 2014 | Jeffrey H. Anderson
    Ezekiel Emanuel—Rahm’s older brother and the man who, as far back as 2009, current Nebraska Senate candidate Ben Sasse warned was “quarterbacking the details” of Obamacare—has authored a New York Times op-ed in which he criticizes the proposed alternative released last week by Senators Coburn, Burr, and Hatch. Emanuel, a rather feisty fellow (see his Fox News exchange with Jim Capretta—during which he admitted that, under Obamacare, the “individual market is going away”), has written some, well, provocative things about what he calls the “allocation of scarce medical interventions.” For example, he’d prioritize the lives of the young over the...
  • Fact check: Anti-Obamacare chorus is off key

    02/06/2014 2:15:32 AM PST · by Olog-hai · 39 replies
    Associated Press ^ | Feb 6, 2014 3:12 AM EST | Calvin Woodward
    New estimates that President Barack Obama’s health care law will encourage millions of Americans to leave the workforce or reduce their work hours have touched off an I-told-you-so chorus from Republicans, who’ve claimed all along that the law will kill jobs. But some aren’t telling it straight. […] In a key point overlooked in the GOP response, the report says, “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor.” In other words, workers aren’t being laid off. They...
  • Why the new CBO report on Obamacare is good news

    02/05/2014 6:04:56 AM PST · by Sir Napsalot · 44 replies
    LA Times ^ | 2-4-2014 | Michael Hiltzik
    The Congressional Budget Office is out with its latest report on the Affordable Care Act, and here are a few bottom lines: — The ACA is cheaper than it expected. — It will "markedly increase" the number of Americans with health insurance. — The risk-adjustment provisions, which Congressional Republicans want to overturn as a "bailout" of the insurance industry, will actually turn a profit to the U.S. Treasury. Given all this, why are the first news headlines on the CBO report depicting it as calling Obamacare a job killer? (snip) ..... it's important to examine what the CBO actually says...
  • Freeing Workers From the Insurance Trap [NY Times: 2.5M Fewer Full Time Workers is a Good Thing]

    02/05/2014 5:39:11 AM PST · by SeekAndFind · 47 replies
    New York Slimes ^ | 02/05/2014 | The Editorial Board
    The Congressional Budget Office estimated on Tuesday that the Affordable Care Act will reduce the number of full-time workers by 2.5 million over the next decade. That is mostly a good thing, a liberating result of the law. Of course, Republicans immediately tried to brand the findings as “devastating” and stark evidence of President Obama’s health care reform as a failure and a job killer. It is no such thing. The report estimated that — thanks to an increase in insurance coverage under the act and the availability of subsidies to help pay the premiums — many workers who felt...
  • 'Mad Man' Sam Stein's Hilarious Response To Calamitous CBO/Obamacare Report

    02/05/2014 5:24:17 AM PST · by governsleastgovernsbest · 9 replies
    NewsBusters ^ | Mark Finkelstein
    Give Sam Stein credit for being an honest liberal. Confronted with the CBO's findings about the disastrous job-killing effects of Obamacare, Stein didn't try to spin the unspinnable. On today's Morning Joe, Donnie Deutsch invited Stein to play a game of Mad Men. Deutsch first sketched out a 30-second ad making the case against Obamacare--that contrary to what President Obama had said, you can't choose your provider and the program costs the country two million jobs. Deutsch then invited Stein to give the 30-second ad in response. Said Stein, much to the amusement of the panel: "The 30-second response is...
  • Thanks Obama! Care- Now with 25% Fewer Jobs!

    02/05/2014 5:23:35 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | February 5, 2014 | John Ransom
    The Congressional Budget Office just confessed that the healthcare law passed by Democrats and only Democrats in 2010—you know the one that was supposed to save us so much money?-- is really a dud, a job killer, as we have said all along. And the consequences aren’t just that some guy you don’t know won’t have a job, the consequences are that guys you DO know won’t have jobs, and --in the best case—your tax bill will go up accordingly. The reform package, derisively known as Obamacare, is going to cost the country an additional 2 million jobs by 2017...
  • ObamaCare Will Remove Workers From Labor Force

    02/05/2014 3:51:32 AM PST · by LD Jackson · 9 replies
    Political Realities ^ | 02/05/14 | LD Jackson
    If there is one thing our politicians should have learned by now, it is this. No matter what law is passed, or what its intentions are, there is always the law of consequences, unintended or not. Every law that is placed on the federal register has consequences for the American people and the country in which they live. Every rule or regulation that is written as a result of those laws is loaded with consequences. That is a fact that can not be denied. Thus it is also with ObamaCare. Many of us have said all along that ObamaCare would...
  • Health-Care Law Expected to Take Greater Toll on Workforce

    02/04/2014 2:20:43 PM PST · by gooblah · 10 replies
    Yahoo/WSJ ^ | Damian Palleta
    WASHINGTON—The Affordable Care Act is projected to reduce the number of full-time workers by roughly 2.3 million people through 2021 and insure 2 million fewer people this year than previously estimated, the Congressional Budget Office said Tuesday.
  • RadioShack to close about 500 stores: WSJ

    02/04/2014 12:52:54 PM PST · by illiac · 77 replies
    WSJ ^ | 2/4/14 | Wall Street Journal
    <p>I know our local RS is not doing well...never anyone in the store...</p>
  • The White House (And Its Faithful) Scramble To Refute CBO Report On Obamacare Job Losses

    02/04/2014 12:18:15 PM PST · by Rusty0604 · 8 replies
    Zerohedge ^ | 02/04/2014 | Tyler Durden
    Earlier we reported how, in the CBO's own words, Obamacare would result in (at least) 2.5 million (soon to be revised much higher) workers departing the labor force over the next decade, that would stay there were it not for the skewed incentives provided by this latest welfare Ponzi scheme. Sure enough, it took the White House mere moments to share its canned retort seeking to control the major fallout this report generated as it goes, once again, against all of Obama's promises. From Reuters: "The White House on Tuesday refuted arguments that Obamacare reforms will hurt jobs, and said...
  • Obamacare will push 2 million workers out of labor market: CBO

    02/04/2014 11:31:27 AM PST · by grundle · 11 replies
    Washington Times ^ | February 4, 2014 | Stephen Dinan
    Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out altogether, according to the latest estimates Tuesday from the Congressional Budget Office. That’s a major jump in the nonpartisan budget agency’s projections and it suggests the health care law’s incentives are driving businesses and people to choose government-sponsored benefits rather than work. “CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely...
  • CBO: O-Care slowing growth

    02/04/2014 7:31:16 AM PST · by Second Amendment First · 10 replies
    The Hill ^ | February 04, 2014 | Erik Wasson
    The new healthcare law will slow economic growth over the next decade, costing the nation about 2.3 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released Tuesday. The non-partisan group’s report found that the healthcare law’s negative effects on the economy will be “substantially larger” than what it had previously anticipated. The CBO is now estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected. This will decrease the number of full-time equivalent jobs in...
  • Obama: 'This Will Be a Year of Action' on Economy

    01/12/2014 5:02:05 PM PST · by Hoodat · 55 replies
    Breitbart ^ | 12 Jan 2014 | Wynton Hall
    Echoing past economic promises of “green shoots,” “five million green collar jobs,” and “recovery summer,” President Barack Obama said during his Saturday weekly address that 2014 will be a “year of action” on the economy. “This will be a year of action. I’ll keep doing everything I can to create new jobs and new opportunities for American families – with Congress, on my own, and with everyone willing to play their part,” said Obama. Obama’s latest economic pivot comes on the heels of a dismal Friday jobs report that shows the U.S. labor force participation rate has contracted to its...
  • Obama's Unemployment 'New Normal' Foretells A 'Lost Decade'

    01/14/2014 1:41:23 PM PST · by Red in Blue PA · 12 replies
    There was considerable weeping and gnashing of teeth over the December “Employment Situation” report released by the BLS on Friday. Analysts were expecting 200,000 new payroll jobs, but they got only 74,000. Some called the “bad” unemployment report a “statistical anomaly.” A quick look at the BLS Household Survey showed that, rather than being bad, December was actually a better-than-average month in President Obama’s “new normal” economy. This is not a huge accomplishment, given that “Obama’s new normal” comprises slow GDP growth, a stagnant jobs market, and falling real household incomes. However, the nation moved 133,000 jobs closer to full-time-equivalent*...
  • Black Labor Force Participation Rate Under Obama Hits Rock Bottom--Lowest Level Ever Recorded

    01/13/2014 9:06:48 AM PST · by kristinn · 40 replies
    The Gateway Pundit ^ | Monday, January 13, 2014 | Kristinn Taylor
    Five years in to Barack Obama’s presidency, the number of African-Americans participating in the labor force has hit rock bottom. The news media has ignored this stunning revelation from Friday’s monthly jobs report by the Labor Department. The exception has been PBS, which interviewed economist Dean Baker who had written about it in a report published Friday. “The drop in labor force participation was sharpest for African Americans, who saw a decline of 0.3 percentage points to 60.2 percent, the lowest rate since December of 1977. The rate for African American men fell 0.7 percentage points to 65.6 percent, the...
  • Who Is Dropping Out Of The Labor Force, and Why?

    01/14/2014 4:34:06 AM PST · by SeekAndFind · 42 replies
    RCM ^ | 01/14/2014 | Diana Furchtgott-Roth
    Although many economic indicators are heading in a positive direction, last week's December jobs report highlighted the problem of the declining labor force participation rate, the percentage of people aged 16 and over who choose to work or look for work. The labor force participation rate moved back to 62.8 percent from its November level of 63 percent. In 2007, before the recession, 66 percent of Americans were in the labor force. Today's levels are equivalent to 1978, before the Reagan Revolution and the movement of women into the labor force during the 1980s. Who is dropping out, and why?...
  • The real Obama jobs index is worse than you thought

    01/11/2014 7:15:49 AM PST · by 2ndDivisionVet · 8 replies
    Hot Air ^ | January 11, 2014 | Jazz Shaw
    Ed gave us the rather sobering numbers yesterday from the December jobs report. Those were some pretty brutal numbers no matter how you look at them, and they reinforce the fact that you have to look at a lot more than just the published federal unemployment rate to get the full picture. With that in mind, Andrew Malcom (the Prince of Twitter) and the rest of the editorial staff at Investors Business Daily have compiled a full set of employment statistics for the Obama administration, including historical comparisons to previous administrations, recessions and recoveries. If you thought things were bad,...
  • Image of the day: The Obama 'jobs recovery' in one handy chart

    01/10/2014 12:35:00 PM PST · by SeekAndFind · 6 replies
    Hotair ^ | 01/10/2014 | AllahPundit
    We all know the difference between the U-3 rate and the U-6 rate at this point (I hope), and so we all understand the perverse effect that a dwindling labor force can have on “the unemployment rate.” If you’re unemployed and looking for work, you’re part of the demand for labor that employers/suppliers are trying to meet. You count. if you’re unemployed and so deeply in despair about ever finding a job that you’ve given up looking, you don’t. Get enough people to give up and the labor force just might shrink to the point where marginal job gains overall...
  • Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

    01/10/2014 12:35:06 PM PST · by Jim Robinson · 26 replies
    Weekly Standard ^ | January 10, 2014 | By DANIEL HALPER
    Alabama senator Jeff Sessions responds to the latest jobs report: "Today’s jobs report underscores a deeper problem facing our economy: a large and growing block of people who are chronically jobless and completely outside the workforce. In December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The President’s immigration plan will only make things...
  • US LOST 2 MILLION WORKERS IN 2013

    01/10/2014 12:54:38 PM PST · by Jim Robinson · 132 replies
    Breitbart ^ | Jan 10, 2014 | By Mike Flynn
    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...
  • OVER HALF JOBS ADDED IN DECEMBER WERE TEMPORARY

    01/10/2014 1:13:05 PM PST · by Jim Robinson · 20 replies
    Breitbart ^ | Jan 10, 2014 | By Mike Flynn
    Friday's December jobs report, showing the economy added just 74k jobs last month was itself a major disappointment. Economists had expected the economy to add around 200k jobs. Looking into the details of the report, however, reveals an even bleaker picture of the labor market. Well over half the jobs added in December, 40k, were in temporary employment. The biggest sectors to see job growth in December were retail and wholesale trade, in addition to temporary services. Together, these sectors added over 100k jobs, meaning the rest of the economy shed jobs last month. Temporary jobs are obviously just that...
  • Why 6.7 percent unemployment isn't good news: We Keep Ignoring Those Who Have Stopped Looking.

    01/10/2014 7:32:36 AM PST · by SeekAndFind · 26 replies
    CSM ^ | 01/10/2014 | By Christopher S. Rugaber
    The US unemployment rate dropped to the lowest level since 2008, partly because many unemployed have stopped looking for work. Only 74,000 new US jobs were created in December. Yes, a scant 74,000 jobs in December, the fewest in three years. The disappointing figure ends 2013 on a weak note and raises questions about whether the job market can sustain its recent gains. The Labor Department said Friday that the unemployment rate fell from 7 percent in November to 6.7 percent, the lowest level since October 2008. But the drop occurred mostly because many discouraged Americans stopped looking for jobs....
  • People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels

    01/10/2014 6:50:50 AM PST · by Starboard · 27 replies
    ZeroHedge ^ | 01/10/2014 | Tyler Durden
    Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.
  • Chart Of The Day: US Labor Force Declines By 25K Despite 2.4 Million Rise In Employable Americans

    12/07/2013 10:51:44 AM PST · by SeekAndFind · 5 replies
    Zero Hedge ^ | 12/07/2013 | Tyler Durden
    A few days ago, one of the winners of the 2013 Nobel prize for economics, Robert Shiller, warned that stocks are in a bubble, voicing what most people, except for conflicted asset managers for whom spinning the truth and increasing their AUM means a greater paycheck, and the monetary misfits in the Marriner Eccles building of course, know: that stocks are in a bubble. Today, it was the turn of the other Nobel prize winner, Eugene Fama, whose expertise in markets may be a tad more questionable (he still believes in efficient markets in a world in which the...
  • 2014: The Collapsing Obamaconomy

    11/11/2013 11:00:50 AM PST · by SeekAndFind · 17 replies
    Pajamas Media ^ | 11/11/2013 | STEPHEN GREEN
    The good news is the U.S. economy wheezed out 204,000 new jobs in October, despite all the sound and fury (signifying very little) over the 17%, 16-day-long government semi-demi-shutdown. The bad news is pretty much everything else, so let’s take a look at what lies underneath the big headline number.CNBC put a happy face on the latest jobs report with the headline, “Shutdown slowdown? Job creation soars in October.” [1] It’s true that 204,000 is a bit higher than the recent average of 190,000, but the story’s very first paragraph belies the word “soars.” Read: There were a net 204,000...
  • Whopping 932,000 Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low

    11/08/2013 6:13:43 AM PST · by Zakeet · 34 replies
    Zero Hedge ^ | November 8, 2013
    Complete Headline: Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low The only two charts that matter from today's distorted non-farm payrolls report. First, the labor force participation rate, which plunged from 63.2% to 62.8% - the lowest since 1978! But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US...
  • 90,473,000: Record Number Not in Labor Force—Up Almost 10M Under Obama

    09/07/2013 7:22:51 PM PDT · by Olog-hai · 11 replies
    Cybercast News Service ^ | September 6, 2013 - 9:42 AM | Terence P. Jeffrey
    The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four...
  • Record 8.9 Million People Now On Disability

    04/26/2013 4:00:27 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 04/25/2013 | John Merline
    The nation's disability rolls continued to climb sharply, as 76,983 workers enrolled in the Social Security Disability Insurance program in April, according to new data from the Social Security Administration. More than 300,000 have joined the program so far this year. The number of workers on permanent disability is now a record 8,865,586, a net increase of one million in just three years. Today, 6.5 workers are on disability for every 100 who have a job. That's double the ratio from two decades ago.
  • Dropouts: Discouraged Americans leave labor force

    04/06/2013 12:33:45 PM PDT · by Olog-hai · 49 replies
    Associated Press ^ | Apr 6, 2013 12:03 PM EDT | Paul Wiseman and Jesse Washington
    After a full year of fruitless job hunting, Natasha Baebler just gave up. She’d already abandoned hope of getting work in her field, counseling the disabled. But she couldn’t land anything else, either—not even a job interview at a telephone call center. Until she feels confident enough to send out resumes again, she’ll get by on food stamps and disability checks from Social Security and live with her parents in St. Louis. … It isn’t supposed to be this way. After a recession, an improving economy is supposed to bring people back into the job market. Instead, the number of...
  • Jobs Numbers Demystified (Why the rate is going down even as more drop out of the workforce)

    04/05/2013 8:00:30 AM PDT · by SeekAndFind · 7 replies
    Townhall ^ | 04/05/2013 | Andrew Puzder and Michael Talent.
    Trying to figure out what the “official” unemployment rate means can be very frustrating. Much of what we hear is complex and counter intuitive. The numbers seem inconsistent with what people are experiencing and many people are simply losing interest. We hear about growth in the non-institutional population, a decline in the labor participation rate, people who are unemployed and want a job not being counted as unemployed just because they haven’t looked for a job in 30 days, and people who are working part time because they are unable to find full time employment being counted as fully employed....
  • Disability Ranks Continue to Surge Under Obama

    04/05/2013 8:24:13 AM PDT · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 04/05/2013 | John Merline
    Almost as many people signed up with the federal government's permanent worker disability program as got jobs in March, according to two sets of government data, continuing a troubling trend throughout the Obama recovery. Last month, 81,804 workers left the workforce to join the Social Security Disability Insurance program. So far this year, nearly a quarter million workers have joined the program. Over the past four years, 4 million left the workforce to go on disability. Even after accounting for those who dropped out of the program because of death or retirement, the ranks of the disabled have shot up...
  • People Not In Labor Force Soar By 663,000 To 90 Million, ... Participation Rate At 1979 Levels

    04/05/2013 7:29:29 AM PDT · by Ernest_at_the_Beach · 26 replies
    zerohedge ^ | 04/05/2013 08:58 -0400 | Tyler Durden
    Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did...
  • Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January

    03/08/2013 9:36:20 AM PST · by george76 · 26 replies
    CNS News ^ | March 8, 2013 | Elizabeth Harrington
    <p>The number of Americans designated as "not in the labor force" in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February.</p>
  • 8.5 Million Americans Left Labor Force In Obama's First Term

    02/01/2013 12:21:27 PM PST · by grundle · 9 replies
    Newsbusters ^ | February 1, 2013 | Noel Sheppard
    The Bureau of Labor Statistics released jobs numbers for January Friday showing that nonfarm payroll employment increased by 157,000 and the unemployment rate rose to 7.9 percent. Lost in these headline numbers was another rise in the number of people not in the labor force. This number now stands at a staggering 89 million, up from 80.5 million when President Obama took office. This means that there are currently 8.5 million more Americans not in the labor force than just four years ago. Forget all the other numbers. This continued explosion of people not in the labor force should be...
  • For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force [since January 2009]

    10/15/2012 3:30:59 PM PDT · by grundle · 7 replies
    Weekkly Standard ^ | October 15, 2012 | DANIEL HALPER
    A new chart from the minority side of the Senate Budget Committee details the fact that, since January 2009, for every person added to the labor force, 10 have been added to those not in the labor force. Here's a chart showing the dwindling labor force: "For Every 1 Person Added To Labor Force Since January 2009," the chart reads, "10 People Added To Those Not In Labor Force." That is, in nearly the four years, since President Obama took office in January 2009, only 827,000 people have been added to the labor force, while during that same time period,...
  • Jobs Report: 368,000 Americans Gave Up Hope

    09/07/2012 11:29:00 AM PDT · by Hunton Peck · 5 replies
    Fox Business ^ | September 07, 2012 | Dunstan Prial
    The most troubling aspect of the August jobs report released earlier Friday could well be the revelation that 368,000 potential employees simply gave up looking for work. Put into perspective, the number of people who decided last month that there’s no point even looking for a job was nearly four times larger than the 96,000 people who actually found jobs. “That’s a large number. That’s the biggest story for this month,” said Cliff Waldman, an economist for the Manufacturers Alliance/MAPI, a public policy organization in Arlington, Va. “It shows there’s a very, very sizable level of frustration among the labor...