The U.S. Labor Force Participation Rate Is At A 35 Year Low
Home » Financial » American Finance » The U.S. Labor Force Participation Rate Is At A 35 Year Low

The U.S. Labor Force Participation Rate Is At A 35 Year Low

The U.S. Labor Force Participation Rate Is At A 35 Year Low

By Michael Snyder, on October 22nd, 2013

 

Lazy PersonThe percentage of Americans that are participating in the labor force is the lowest that it has been in 35 years.  During the 70s, 80s and 90s, the labor force participation rate consistently rose as large numbers of women entered the workforce.  It peaked at 67.3 percent in early 2000, and just before the last recession it was sitting at about 66 percent.  Since the start of the last recession, the labor force participation rate has not stopped falling and it is now at a 35 year low.  In September, 11,255,000 Americans were considered to be “unemployed”, and an astounding 90,609,000 Americans were considered to be “not in the labor force”.  The number of Americans “not in the labor force” has increased by more than 10 million since Barack Obama entered the White House.  When you add the number of unemployed Americans to the number of Americans “not in the labor force”, you come up with a grand total of more than 101 million working age Americans that do not have a job.

The Obama administration and the mainstream media continue to insist that we are in the midst of an “economic recovery”, but that is a total joke.  Does the chart posted below look like a recovery to you?…

Labor Force Participation Rate

Americans are leaving the labor force in droves.  If the labor force participation rate was at the same level that it was when Obama first became president, the official unemployment rate would be up around 10 percent and everyone would be wondering when the “economic depression” would finally end.

It is funny how our perceptions of reality are so greatly shaped by what our televisions tell us to think.

 

Below I have posted a chart of the “inactivity rate” of U.S. men in the 25 to 54-year-old age group.  As you can see, the percentage of men in their prime working years that are not employed and not considered to be unemployed either has been rising steadily…

Inactivity Rate Men

We have millions upon millions of men just sitting around and doing essentially nothing.  Not that women are doing so much better.  In fact, the labor force participation rate for women is at a 24 year low.

Some people may be tempted to think that all of this is happening because more Americans are choosing to stay home and raise children.  But that is not the case at all.  In fact, in a previous article I showed that the marriage rate in the U.S. is at an all-time low and the birth rate for young women in this country is also at an all-time low.

People are not staying home because of family obligations.  Rather, people are staying home because there aren’t enough jobs available.

Continue reading at The U.S. Labor Force Participation Rate Is At A 35 Year Low.

Be Sociable, Share!

One Response to "The U.S. Labor Force Participation Rate Is At A 35 Year Low"

  1. Prepper Podcast on Facebook  October 26, 2013 at 10:47 pm

    Wal-Mart – the honey trap of the police state | Old-Thinker News commented on Prepper Podcast Radio Network:

    […] form of taxation in the guise of public safety is not new, but with over 90 million people out of work – it will be growing […]

You must be logged in to post a comment Login

http://ad4.liverail.com/?LR_PUBLISHER_ID=26258&LR_SCHEMA=vast2-vpaid&LR_VERTICAL=preroll&LR_URL=[page_url_macro]&LR_AUTOPLAY=0&LR_CONTENT=6&LR_MUTED=0&LR_VIDEO_ID=[player_videoid_macro]&LR_TITLE=[video_title_macro]