Labor Participation Rate Lowest Since 1977

Predictably, the BLS highlights the unemployment figure, which has apparently dropped to 5.3%, compared to May’s 5.5%. What they don’t usually mention is the drop in the labor force. Last month, the labor force participation rate was down to 62.6%, the lowest we’ve seen since 1977. CNS News reported: A record 93,626,000 Americans 16 or older did not participate in the nation’s labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to Read more […]

Unemployment Down While Labor Participation Rate at Record Low

We’ve seen this so many times during Obama’s reign. The only numbers that get publicized by the media are the unemployment numbers, which magically go down, despite the labor participation rate also going down. What good are the unemployment numbers when they don’t factor in the dismal labor participation rate? The only thing they’re good for is stirring up the cheerleaders on the left. When the useless unemployment numbers are down, it’s because Obama’s “created” so many jobs. Read more […]

Job Creation: Labor Participation Rate Remains at 36-Year Low

The last time it was this low was under Carter in February and March of ’78. But headlines attempt to tell a different story. The Associated Press ran a piece last month entitled “American Economy Bounces Back from Brutal Winter.” In it, they touted the official unemployment numbers, which have magically fallen, despite there being fewer people in the labor force. But even they had to admit that it was just a silly numbers game, and that people shouldn’t be so naïve as to get their hopes Read more […]

Labor Participation Rate Sinks to 36-Year Low

The last time it was this low was under Carter in March of ’78. But headlines attempt to tell a different story. The Associated Press ran a piece entitled “American Economy Bounces Back from Brutal Winter.” In it, they touted the official unemployment numbers, which have magically fallen, despite there being fewer people in the labor force. But even they had to admit that it was just a silly numbers game, and that people shouldn’t be so naïve as to get their hopes up about the economy. Read more […]