Record 95,102,000 Americans Not In Labor Force

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Above Photo: From activistpost.com

Unemployment Rate More Like 30%

The “official” unemployment rate (U3) released each month is, to put it in the most straight-forward way possible, a completely misleading and politicized statistic.

The U3 unemployment rate, which is one of 6 ways the U.S. Bureau of Labor Statistics calculates the amount of people out of work, is defined as the “total unemployed, as a percent of the civilian labor force.”

This is the 4.7% number which came out today and the statistic that soon-to-be former President Barrack Obama has boasted so proudly over.

You remember this, right? …

Obama: “I took an economy that was about to go into a Great Depression, and we’ve now had a little over six years of straight economic job growth, an unemployment rate that’s down below 5 percent, and incomes that have gone up and poverty that has gone down.”

Well, today we found out that a record number of Americans are not in the labor force and are not even looking for a job, the same way it was when Obama first stepped into office.

The final jobs report of Obama’s presidency revealed that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009.

In December, according to the Bureau of Labor Statistics, record 95,102,000 Americans were not in the labor force, 47,000 more than in November.

Hmmm..

They said the unemployment rate was 4.7%! How can that be! The U.S. population is only about 325,340,300 people!

As explained above, the “official” number only calculates the number of unemployed persons as a percent of the civilian labor force.

So, let’s now take the amount of folks who are not in the labor force and get the percentage of the population that this group accounts for. (I’ll use a calculator just so I know Obama never lied to me!)

*GASP

The reality of the unemployment situation inside the U.S. is much more grim than any politician or bureaucrat would ever want to admit.

And just to highlight how bad the situation is, those people counted as “not in the labor force” qualify to be a part of that statistic because they are no longer looking for work.

It is unrevealing statistics like the U3 unemployment rate that allows politicians to grandstand and pose as your leader.

 

  • jemcgloin

    There are a lot of reasons that people aren’t in the labor force. First of all 325 million Americans includes children. It also includes retirees. About half of the baby boom generation is now retired. There are also parents that choose to stay home and take care of their children. Both parents don’t always work. Here are also sick people, those on workers comp and other disabilities, etc. .

  • DHFabian

    The number of working-age people who still have jobs is at a record low.

  • DHFabian

    What happened isn’t terribly complicated. The US shut down/shipped out a huge number of jobs since the 1980s, ended actual welfare aid in the 1990s. This created an abundant surplus of people (a replacement workforce) who are desperate for any job at any wage. There’s nothing to fall back on. US corporations are now international entities, and are no longer dependent on US workers or consumers. To sum it all up, the US has slowly been transitioning into just another third world labor market, making goods to be sold in the more affluent nations.

    How has it been progressing? Consider that the overall quality of life in the US was rated at #1 when Reagan was first elected — far from perfect, but much better. This had already fallen to #48 in overall quality of life by the time Obama was elected. The longest, most expensive war in US history has drained us out militarily and economically, and we no longer have a way to rebuild.

  • DHFabian

    Not so incidentally, the last I heard there are 7 jobs for every 10 jobless people who still have the means to pursue one (home address, phone, etc.). An improvement, but the point is that we’ve simply disappeared (from the media/public discussion) those who are left behind — our poor. Once you no longer have a home address, phone, etc., you’re just out. There’s no way back into the job market.

  • jemcgloin

    I was with you, until you said, “we no longer have a way to rebuild.”
    Again, if you think the war is already lost, and the 1% has already won, why do you bother to read and comment on all these articles?

  • jemcgloin

    It requires deeper analysis to figure out why working age people are not looking for work.

  • kevinzeese

    Thanks. I can’t recall DH Fabian publishing a single positive comment. I always hope that regular readers notice and do not bother to even read what he writes.

  • Kapricorn4

    Of the 95 million people categorized as “not in the workforce” 63 million are receiving Social Security retirement benefits or disability payments, which leaves 42 million. Of these 42 million, there are maybe around 10 million stay at home Moms with young children, that leaves 32 million.

    https://www.bls.gov/news.release/empsit.t01.htm

    479,000 people are on active duty in the military.

    2.2 million Americans are in jail/prison.

    Some 20 million students are enrolled in universities/college

  • jemcgloin

    Thanks for the details.