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Record 95, 102,000 Americans not in labor force; number grew 18%


Posted: Jan 6, 2017

The final jobs report of the Obama presidency, released Friday, shows that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009, when Obama took office, continuing a long-term trend that began well before Obama was sworn in. In December, according to the Labor Department’s Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November; and the labor force participation rate was 62.7 percent, a tenth of a point higher than in November. … CNS News ;

If you want to de-industrialize a country, turn to a - service economy debtor nation.

[ In Reply To ..]
This is what we have done.

This occurs because we have the world’s reserve currency, which is printed and completely unbacked, and a Federal Reserve which supports massive government debt and suppresses interest rates to zero. It all supports the progressive-left nanny state which maintains this absurd situation.

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