CNS News explains the real state of the work force in America.
9.5 million Americans have left the workforce during the presidency of Barack Obama, according to the Bureau of Labor Statistics.
In April, the total number of Americans counted as “not in the labor force” declined for the first time since December, but that number was still near a record high at 89,936,000.
Those not in the labor force declined by 31,000, from a record high of 89,967,000 in March. That broke the recent record of 89,304,000 not in the labor force in February of this year.
Since February 2009, the first full month of Obama’s presidency, 9,549,000 people have left the labor force. There were 80,387,000 Americans not working that month, compared with 89,936,000 not working or looking today, according to the latest economic release from BLS.
The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,”and that includes people who have retired on schedule, taken early retirement, or simply given up looking for work.
In the 50 months since Obama has been in office, the number of people counted as not in the labor force has declined 16 times.
Remember that during that period, we have been adding more people through birth and immigration, and running up our national debt by over SIX TRILLION dollars since Obama took office (total debt is now $17 trillion). When you spend that much money, you should be seeing MORE people employed. And you would be seeing that, if it’s being spent on private sector job creation. But it’s not. It’s being wasted. And the very people who voted for Obama – the young people – are the ones who will have to pay it all back. Without jobs! Is collecting money from government welfare a long-term solution to repaying the debt? That’s what we are doing now – putting millions of people on disability and welfare. Is that going to help them to pay back all of Obama’s borrowing later?
- 200,000 fewer people are employed, labor force participation reaches 1979 level
- 73% of the new jobs created in the last 5 months were government jobs
- Unemployment rate is 10.5%, counting those who have stopped job-hunting
- Obama: private sector job creation is “doing fine”
- New jobs report: unemployment rises and 70% chance of recession
- Economy improving? New CBO report says that real unemployment is at 15%
- 1.2 million people dropped out of the labor force in one month