Quote:
Originally Posted by onwebcam
"The Bureau of Labor Statistics (BLS) calculates the number of citizens in the Civilian Labor Force (persons classified as Employed or Unemployed) at 157,833,000 (49% of the U.S. population) and in the Not-in-Labor-Force citizens at 94,610,000 (29% of the population)."
The "Not-in-Labor-Force" is the highest it's been in nearly 40 years. As usual they just moved figures around to make the unemployment figures look good
Notice that figures takes a huge dive during Obama's Presidency.
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And why do you think that is?
The labor participation isn't based only on the economy. If it was, why did the labor participation rate peak in 2000 and has been in steady decline since then?
The large demographic of baby boomers are getting older and moving out of the labor pool. People are getting older, retiring, and moving out of the work force.
But it sounds so much better when you try to blame it Obama.