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Posted: Jan 21, 2013
January 20, 2013 By Terence P. Jeffrey The number of Americans age 16 or older who decided not to work or even to seek a job increased by 8,332,000 to a record 88,839,000 in President Barack Obama’s first term, according to the Bureau of Labor Statistics. At the same time, the number of retired workers collecting Social Security increased by only 4,234,480. The increase in Americans opting out of the labor force during Obama’s first term resulted in a decrease in the labor force participation rate from 65.7 percent in January 2009, the month Obama was first inaugurated, to 63.6 percent in December 2012, the latest month reported. Before Obama took office, the labor force participation rate had not been as low as 63.6 percent since 1981, the year President Ronald Reagan took over from President Jimmy Carter. http://cnsnews.com/news/article/first-term-americans-not-labor-force-increased-8332000;
Some companies are bringing jobs back home. - RC
[ In Reply To ..]I am a tireless optimist, but I do feel this could be the start of a new trend of bringing US jobs back to the US.
"With all these factors combined, by 2015 a variety of manufacturing industries, from appliances to tyres, will find it more cost effective to produce goods in the United States, according to a recent report by the Boston Consulting Group.
This could add an estimated two to three million jobs and more than $20bn (£12.4bn) in output to the American economy - a striking reversal from years past."
The words "some" and "could" - sm
[ In Reply To ..]can be used both ways.
"Some" companies are going out of business, for instance.
Or, This "could" be the start of a down-ward spiral.
Hopey-changey.
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