The number of Americans not in the workforce during the month of April increased substantially compared to the previous month — again tipping over the 94 million mark — according to the latest Labor Department data.
The Bureau of Labor Statistics reports Friday that 94,044,000 Americans were neither employed nor made an effort to find employment — due to discouragement, retirement, schooling or otherwise — in April.
Last month’s numbers represented an increase of 562,000 over the month of March, when 93,482,000 Americans were out of the workforce.
April’s comparatively high non-participation level halted an earlier trend of decline that followed after the number of people out of the workforce hit a record high of 94,610,000 last October.
The labor force participation rate also took a slight hit, declining from 63.0 percent in March to 62.8 percent in April. Though lower than the month prior, April’s participation rate was slightly higher than it was a year ago.
Additionally the civilian labor force declined by 362,000 people compared to March, hitting 158,924,000.
In total 151,320,000 Americans had a job last month and another 7,920,000 Americans were unemployed.
Overall the economy added 160,000 confirm payroll jobs in April and the unemployment rate remained at 5.0 percent.
The scale of these numbers never ceases to amaze me. $21 trillion in national debt, $200 trillion in unfunded liabilities, they're going to start calling it US government budget notation in lieu of scientific notation. In smaller terms, it's 1 out of every 3 adults in the wagon with only 2 other people left to pull it. UNSUSTAINABLE!
And when the confederates saw Jackson standing fearless as a stone wall the army of Northern Virginia took courage and drove the federal army off their land.
What's the big deal? More Americans are retiring as predicted. This isn't news.
Focusing on the overall number of unemployed Americans is pointless without understanding the fact that the overall population is also increasing. This is why it is more important to pay attention to the participation rate, which stood at 63% in March. By comparison, it was only 65.1% in May of Reagan's final year. So we're basically talking about a 2% difference which is really pretty good given the fact that baby boomers have been expected to make that number drop around this time. What was Reagan's excuse for it being so low?
And the debt is just over $19 trillion no matter what Brietbart says. And the $200 trillion remark is just stupid.
If Hillary is elected, I predict the debt will rise to over $30 trillion before she leaves office.
And when the confederates saw Jackson standing fearless as a stone wall the army of Northern Virginia took courage and drove the federal army off their land.
ajax18 wrote:If Hillary is elected, I predict the debt will rise to over $30 trillion before she leaves office.
Maybe she'll fund another ridiculous war that has cost us 4 trillion and counting like President Bush did.
- Doc
In the face of madness, rationality has no power - Xiao Wang, US historiographer, 2287 AD.
Every record...falsified, every book rewritten...every statue...has been renamed or torn down, every date...altered...the process is continuing...minute by minute. History has stopped. Nothing exists except an endless present in which the Ideology is always right.
Maybe she'll fund another ridiculous war that has cost us 4 trillion and counting like President Bush did.
Even astronomical figures like $4 trillion are going to look small when the interest payments on the debt really start to compound.
And when the confederates saw Jackson standing fearless as a stone wall the army of Northern Virginia took courage and drove the federal army off their land.
ajax18 wrote:94,044,000 Americans Not in the Labor Force
The number of Americans not in the workforce during the month of April increased substantially compared to the previous month — again tipping over the 94 million mark — according to the latest Labor Department data.
People are retiring when they turn 65 and it's all Obama's fault!
It’s relatively easy to agree that only Homo sapiens can speak about things that don’t really exist, and believe six impossible things before breakfast. You could never convince a monkey to give you a banana by promising him limitless bananas after death in monkey heaven.
People are retiring when they turn 65 and it's all Obama's fault!
No, much of the interest we're currently being punished with is due to FDR and LBJ who created these unsustainable entitlement programs. BHO is responsible for refusing to make any reforms to entitlements that were sorely needed.
And when the confederates saw Jackson standing fearless as a stone wall the army of Northern Virginia took courage and drove the federal army off their land.
People are retiring when they turn 65 and it's all Obama's fault!
No, much of the interest we're currently being punished with is due to FDR and LBJ who created these unsustainable entitlement programs. BHO is responsible for refusing to make any reforms to entitlements that were sorely needed.
As if Congress was passing bills that responsibly fixed the entitlement programs but Obama refused to sign them.
It’s relatively easy to agree that only Homo sapiens can speak about things that don’t really exist, and believe six impossible things before breakfast. You could never convince a monkey to give you a banana by promising him limitless bananas after death in monkey heaven.