Labor market shrinks, while unemployment continues to rise, 2013
Obama should be proud by setting another first, during his time in office. “The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has pushed past 90,000,000 for the first time.” [Source] The report goes onto to say : The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks.” This means the report is actually higher, due to no counting those individuals who have simply stopped seeking a job. With that in mind, the higher number is not known. What is known, America is in deep trouble with a shrinking labor force, while attempting to support the exponential growing non-working class.
This was conveyed in an article written April this year, by Claire Gordon, titled, “The Real Unemployment Rate is Worse than you Think”. She conveys, “The latest jobs report also shows how misleading the unemployment numbers can be. The jobless rate dipped to 7.6 percent, but only 88,000 jobs were created. That's because half a million people dropped out of the labor force.”
In April alone, half a million people dropped out of the labor force, skewing the figures. Dismally, AOL Jobs did a calculation in April to see (at that time) what the real number of unemployment stands. “AOL Jobs did a calculation and came up with 11.7 percent, or 18.5 million unemployed Americans.”
April of this year, showed 11.7 percent actually out of labor force. The numbers are only climbing toward the end of this year. There are reports of an increase of participation in the labor force. Yet, more people continue to drop out of the labor force, again skewing the figures. “Meanwhile, the unemployment rate fell to 7.3%, but the decline came for the wrong reasons, as 312,000 people dropped out of the labor force. Only 63.2% of Americans now participate in the labor force -- meaning they have a job or are looking for one. That's the lowest rate since August 1978.” [Source]
This is yet, the labor force is in reduction, while those on the government are increasing. Ironically, the hardest hit was the blacks (primary supporter of Obama), “the unemployment rate among blacks increased the most–almost a full half-point, from 12.6% to 13%.” [Source]
The American youth has always been told to get the higher paid wage.
Yet, this 2013 Labor Day, Welfare pays more than minimum-wage work in 35 states. If you’re paid more to do nothing, then most will do nothing.
In my last article, I made mention of an article citing 25 signs that America is becoming Nazi Germany. [Source] Among those, were massive government spending, increase taxes to pay for social programs, and a hatred of free market capitalism.
It’s only getting worse my American brothers and sisters. Contact your Representatives and keep calling them to convey the issues of United States are more important than pointing fingers and starting wars.
Contact for your Electives.
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