Government Watch

Obamanomics – Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

from – CNS News – by Ali Meyer

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.


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PaulE
8 years ago

We match the same abysmal labor participation rate as when Jimmy Carter was President. You remember Jimmy Carter don’t you? The darling of the liberal set that gave us a rudderless domestic economy, “global cooling” as the next ice age was being touted as right around the corner, green energy (solar and wind power) was being touted as the solution to OPEC oil, gasoline lines for your cars and trucks, the foreign policy fiasco of Iran for 444 long days, the this is the best we can hope for “malaise” speech.

Fast forward to today and the current liberal favorite occupying the White House. Now it’s “climate change”, which replaced “man-made global warming” when what little warming actually stopped in 1998. However, Obama (and Hillary for that matter) still considers climate change our greatest threat. Follow the money folks and you’ll see why this is still being hyped. Green energy is still being pushed as the solution to dirty fossil fuels. Even though new shale natural gas and shale oil continues to be found in abundance right here in America, at ever lower prices while green energy is killing most of the economies of Europe. Meanwhile, Of course now the federal government actively finances a number of these “green companies”, all of which have a nasty habit of going bust. Oops! Obama has Carter beat hands down on the foreign policy front with major open issues all across the Middle east, Ukraine, North Korea and elsewhere. All that’s left to have is his version of the “malaise” speech and we’re all set.

Rik
8 years ago
Reply to  PaulE

Right on, PaulE, and let’s not forget Jackass Jimmy’s Community Reinvestment Act that forced banks to make loans available to credit unworthy borrowers and then was expanded by Wild Willie in 1992 that required bankers to make even more questionable loans. Failure by the banks to comply meant your bank might not be allowed to add new branches or merge with other banks. So, in the name of diversity, banks began to make huge numbers of loans that they previously would not have made. Meanwhile, Clinton’s Congress gave Fannie and Freddie the go ahead to finance it all by buying these questionable loans from the banks and then repackaging them for resale on open market. Clinton’s repeal of the Glass-Stengal Act in 1999 allowed the banks to originate fraudulent loans and to sell them to their customers in the form of securities. The government encouraged this whole mess with unrealistic low income, err, affordable housing, goals with unlimited lines of credit at Fannie and Freddie. Subprime went from 35 billion in loans in 1994 to $1 trillion in loans by 2008. AND BUSH GOT BLAMED FOR CAUSING THIS BANKING CRISIS THAT PLUNGED THIS COUNTRY INTO RECESSION AND THAT’S WHAT HELPED OBAMA GET ELECTED!!!

What bothers me most is that Republicans never learn to play by the same “dirty” rules that Socialists use all the time
… You know, the old “Never let a good crisis go to waste!” … the new staple of Socialists to advance their agenda. Such as, wanting to ban guns from the citizens every time some demented soul goes ballistic on unprotected people.
I never hear of them screaming to ban cars after some drunk driver plows into school children and kills and maims them! THE REPUBLICAN PARTY NEEDS TO MAKE SAUL ALINSKY’S “RULES FOR RADICALS” THE MAIN MESSAGE IN THEIR CAMPAIGNS … WHY HAVEN’T THEY? … NO WONDER THEY KEEP LOSING ELECTIONS!!!

PaulE
8 years ago
Reply to  Rik

Yes Rik, the establishment wing of the Republican party, which is driving campaign strategy for the entire Republican party, urgently needs to do two things:

1) They have to dump their so-called political consultants, that have been defining and running every major campaign effort since the early 1990s. These folks are stuck on endlessly repeating the same losing strategy of “Say nothing bad about your opponent or push back too hard against your opponent’s lies about your positions for fear of alienating the overly valued independent voters.” The problem is most of these so-called independent voters are actually closet Democrats, who simply crave additional attention and they get it. However, when it comes time for these folks to actually vote, something like 85 percent of them vote straight-line Democrat. So much for being really independent. So all this flawed Republican strategy does is to leave most, if not all, of the Democrat lies unanswered and the public believing the Democrat lies must be true. After all, in most cases, the Republican candidates didn’t push back hard against these charges.

2) The leaders of the Republican party need to grow a spine and learn how to articulate a message. That means take the fight to the Democrats as hard as the Democrats fight and be unrelenting about it. They don’t need to lie like the Democrats. They just need to have enough guts to use the Democrats’ own record against them to illustrate, point by point, how the Democrats have systematically either created or needlessly exasperated issues that have harmed the nation as a whole. Then articulate, in a clear, concise manner, the Republican alternative that solves the problem. In short, stop relying on the failed Republican strategy of not speaking ill of one’s opponents and hoping for the best. That doesn’t work.

The Democrat record on the economy, foreign policy, health care reform, border security, national defense is a complete mess. The Democrats can’t defend their record, so they come up with nonsense like “The War on Women”, “Republicans hate all Hispanics”, “Republicans are war mongers”, “Republicans hate the middle class and want to keep the poor poor”. All completely made-up issues by the Democrats, so they can avoid having to defend their indefensible record.

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