End result: the labor force participation rate dropped once more, declining to only 62.8%, which as the chart below shows is just off the lowest print recorded since 1978.
Source: BLS
Showing posts with label labor force. Show all posts
Showing posts with label labor force. Show all posts
Friday, March 6, 2015
Americans Not In The Labor Force Rise To Record 92.9 Million As Participation Rate Declines Again (larger numbers than in the GREAT DEPRESSION)
For those (very few now, with even the Fed admitting the unemployment
rate has become a meaningless, anachronistic relic) still wondering why
the unemployment rate dropped once again, sliding from 5.7% to 5.5%,
the reason is that while the number of unemployed Americans dropped by
274K thousand while those employed rose by 96K, the underlying math is
that the civilian labor force dropped from 157,180 to 157,002 (following
the major revisions posted last month), while the people not in the
labor force rose by 354,000 in February, rising to a record
92,898,000 (people who currently want a job rose to 6,538K) matching the
all time high number of Americans not in the labor force.
End result: the labor force participation rate dropped once more, declining to only 62.8%, which as the chart below shows is just off the lowest print recorded since 1978.
Source: BLS
End result: the labor force participation rate dropped once more, declining to only 62.8%, which as the chart below shows is just off the lowest print recorded since 1978.
Source: BLS
Friday, April 5, 2013
People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels
and that's with the 75 millions added since that time to the population!
Woah...
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 its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."
People not in labor force:
Labor participation rate:
Woah...
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 its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."
People not in labor force:
Labor participation rate:
 |
| life is a wave...a bell-curve, and every time |
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