It’s a new record: Americans not participating in the labor force nears 100 million
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By: Chris Enloe
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The number of eligible Americans not participating in the labor force grew to more than 95 million in November, according to statistics released by the Bureau of Labor.
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The unfortunate number is a new record.
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November saw an increase of 446,000 Americans, according to the statistics, making the overall number now 95,055,000. Those considered not to be in the working force are Americans who are age-eligible to work, but are neither working, nor actively seeking employment.
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The labor force participation rate also declined last month from 62.8 percent to 62.7 percent. It is calculated as working eligible Americans who are either working, or actively seeking employment. In addition, the labor force rate under President Barack Obama is down 3.5 to nearly four percentage points when compared to the latter years of former President George W. Bush’s presidency.
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More from the Washington Free Beacon:
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The unemployment rate for all Americans declined from 4.9 percent in October to 4.6 percent in November. This measure does not account for those individuals who have dropped out of the labor force and simply measures the percent of those who did not have a job but actively sought one over the month.
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While the unemployment rate declined this month, the number of Americans joining the labor force declined by 226,000 individuals.
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The “real” unemployment rate, otherwise known as the U-6 measure, was 9.3 percent in November, which declined from 9.5 percent in the previous month.
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Still, these raw numbers haven’t stopped Obama or his administration from touting a “strong economy” and “record job growth.” It has been found, however, that the administration likes to “cherry pick” their data.
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Read More:
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It’s a new record: Americans not participating in the labor force nears 100 million – TheBlaze
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My Thoughts:
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This is exactly why Obama is full of crap every time he quotes the unemployment rate. The labor force participation rate is the worst it's ever been in resent American history. For those who don't know what that means, it is the number of age able workers who are neither working nor seeking employment (settling for entitlements).