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Title: Record 93,770,000 Americans Not in Labor Force
Source:
Breitbart
URL Source: http://www.breitbart.com/big-govern ... -americans-not-in-labor-force/
Published: Aug 7, 2015
Author: Caroline May
Post Date: 2015-08-07 13:02:00 by redleghunter
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Keywords: None
Views: 1579
Comments: 4
The BLS reports that 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks. The number of people outside the workforce in July increased 144,000 over June’s record when 93,626,000 were not in the workforce. July’s labor force participation rate however remained the the same as June at 62.6 percent. Before last month the labor force participation rate had not been that low since October 1977, when the participation rate was 62.4 percent. The BLS reports that the civilian labor force did experience a slight uptick from 157,037,000 in June to 157,106,000 in July after the month of June saw it drop by 432,000. While the labor participation rate remains at the lowest its been since the late 1970s, the BLS highlighted that the unemployment rate remained at 5.3 percent and nonfarm payroll jobs increased by 215,000. Poster Comment: Bolded above...There's some voodoo math going on there.
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#1. To: redleghunter (#0)
That's right. It's the difference between the U-3 unemployment rate, which is a fake number, and the U-6, which is not the "official rate", that is more honest. When you measure the American U-6 against the French official rate, which is prepared using similar criteria to the American U-6, France has a consistently lower rate of unemployment than the US.
Don't worry unemployment rate is steady at 5.3%!/s I have no great love for bush but Obama gets a pass like no other president in the history of America.
But... but... if the unemployment rate drops much lower we will have FULL employment.
Indeed. This is the real voodoo economics.
"When Americans reach out for values of faith, family, and caring for the needy, they're saying, "We want the word of God. We want to face the future with the Bible.'"---Ronald Reagan
#2. To: redleghunter (#0)
#3. To: redleghunter (#0)
The BLS reports that 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks.
#4. To: nolu chan (#3)
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