Labor Force Participation 2013 March
CNS News writes about some of the numbers from the latest jobs report.
A record 89,967,000 Americans were not in the labor force in March, according to the Bureau of Labor Statistics. That is an increase of 663,000 from the 89,304,000 Americans who were not in the labor force in February.
Since President Barack Obama was first inaugurated in January 2009, 9,460,000 people have dropped out of the labor force.
The BLS counts a person as not in the civilian labor force if they are at least 16 years old, are not in the military or an institution such as a prison, mental hospital or nursing home, and have not actively looked for a job in the last four weeks. The department counts a person as in the civilian labor force if they are at least 16, are not in the military or an institution such as a prison, mental hospital or nursing home, and either do have a job or have actively looked for one in the last four weeks.
The number of people that BLS considers “in the labor force” affects the unemployment rate–which is the percentage of people “in the labor force” who are unable to find a job during the month. If someone previously considered “not in the labor force” were to go out and search for a job and not find one, they would have to be counted as in the labor force for that period–and thus would increase the unemployment rate.
To the degree that Americans choose to simply drop out of the labor force rather than search unsuccessful for a job they decrease the unemployment rate.
In keeping with the increase in the number of people not in the labor force, the labor force participation rate decreased from 63.5 percent in February to 63.3 percent in March. The labor force participation rate is the percentage of Americans in the civilian population over age 16 who did not have a job or seek a job during the month.
One of Obama’s favorite constituencies also has a lot to think about with this report. The labor union voters, who thought that socialism would provide them with “good paying jobs”. Well, socialism did provide someone with good-paying jobs. When union workers voted for anti-business radical, there were lots of good paying jobs created by American companies – just not in America. That’s what attacking business achieved, it made them expand elsewhere or close up entirely. Obama’s union supporters need to think about whether they can make a living on gay marriage alone.
And that’s not all:
The number of American workers collecting federal disability payments climbed to yet another record of 8,853,614 in March, up from 8,840,427 in February, according to newly released data from the Social Security Administration.
[...]March was the 194th straight month that the number of American workers collecting federal disability payments increased. The last time the number of Americans collecting disability decreased was in January 1997. That month the number of workers taking disability dropped by 249 people—from 4,385,623 in December 1996 to 4,385,374 in January 1997.
As the overall number of Americans collecting disability has increased, the ratio of full-time workers to disability beneficiaries has decreased.
But there is some good news in the new report:
Figures released by the Bureau of Labor Statistics (BLS) on Friday show that 315,000 women dropped out of the labor force in March.
According to BLS, the number of women not in the labor force grew to 49 million in March, up from 48.7 million in February, continuing a trend of women leaving the labor force in every month of 2013.
This is good news because one of Obama’s biggest constituents is unmarried women, with or without children. These are the people who are most likely to vote for a President like they might vote for a contestant on Dancing with the Stars or American Idol. The people who switched their votes because Al Gore kissed his wife as a staged event. The Sandra Fluke wing of the Democrat party. The good news is that now they have something to think about before the next election besides free contraception.
Filed under: News, Borrowing, Economy, Job Creation, Jobless, Joblessness, Jobs, Labor, Labor Force Participation, Labor Market, Obama, Spending, Stimulus, Unemployment, Unemployment Rate, Women