Little-Acorn
12-05-2014, 02:08 PM
The Obama recession continues, as the number of people not working exceeds anything seen since Jimmy Carter's "malaise" presidency in 1978.
At the same time, the Obama administration continues to increase regulations and demands on employers to pay more and more for unnecessary changes to workplace conditions, health care insurance, and "free" extra vacations for employees, diminishing the funds available for hiring and job creation.
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http://www.cnsnews.com/news/article/ali-meyer/labor-force-participation-remains-36-year-low-0
Labor Force Participation Remains at 36-Year Low
by Ali Meyer
December 5, 2014 - 9:17 AM
(CNSNews.com) - The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics.
The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.
In November, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 248,844,000. Of those, 156,397,000 participated in the labor force by either holding a job or actively seeking one.
The 156,397,000 who participated in the labor force was 62.8 percent of the 248,844,000 civilian noninsttutional population, which matches the 62.8 percent rate in April, May, June, August and October of 2014 as well as the participation rate in March of 1978. The participation rate hit its lowest level of 62.7 percent in September 2014.
Another 92,447,000 people did not participate in the labor force. These Americans did not have a job and were not actively trying to find one. When President Obama took office in January 2009, there were 80,529,000 Americans who were not participating in the office, which means that since then, 11,918,000 Americans have left the workforce.
At the same time, the Obama administration continues to increase regulations and demands on employers to pay more and more for unnecessary changes to workplace conditions, health care insurance, and "free" extra vacations for employees, diminishing the funds available for hiring and job creation.
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http://www.cnsnews.com/news/article/ali-meyer/labor-force-participation-remains-36-year-low-0
Labor Force Participation Remains at 36-Year Low
by Ali Meyer
December 5, 2014 - 9:17 AM
(CNSNews.com) - The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics.
The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.
In November, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 248,844,000. Of those, 156,397,000 participated in the labor force by either holding a job or actively seeking one.
The 156,397,000 who participated in the labor force was 62.8 percent of the 248,844,000 civilian noninsttutional population, which matches the 62.8 percent rate in April, May, June, August and October of 2014 as well as the participation rate in March of 1978. The participation rate hit its lowest level of 62.7 percent in September 2014.
Another 92,447,000 people did not participate in the labor force. These Americans did not have a job and were not actively trying to find one. When President Obama took office in January 2009, there were 80,529,000 Americans who were not participating in the office, which means that since then, 11,918,000 Americans have left the workforce.