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Labor Force Participation in 2013 Lowest in 35 Years

Discussion in 'News & Current Events' started by Revmitchell, Mar 4, 2014.

  1. Revmitchell

    Revmitchell Well-Known Member
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    The average annual labor force participation rate hit a 35-year-low of 63.2 percent in the United States in 2013, according to data from the Bureau of Labor Statistics (BLS).

    The last time the average annual labor force participation rate was that low was in in 1978, when it was also 63.2 percent. Jimmy Carter was president then.

    The BLS bases its employment statistics on the civilian noninstitutional population, which consists of all people in the United States 16 or older who are not on active duty in the military or in an institution such as a prison, nursing home or mental hospital. The labor force participation rate is the percentage of people in the civilian noninstitutional population who either had a job or who actively sought one in the previous four weeks....

    ...Unemployed people, as calculated by BLS, are people who participated in the labor force by actively looking for a job, but did not find one. -


    - See more at: http://cnsnews.com/news/article/ali...ion-2013-lowest-35-years#sthash.BLDdJkVy.dpuf
     
  2. padredurand

    padredurand Well-Known Member
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    Somehow it's Bush's fault.
     
  3. Revmitchell

    Revmitchell Well-Known Member
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    What it does show is that the decline is a result of people who want work but cannot find it.
     
  4. 777

    777 Well-Known Member
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    This is a most disturbing statistics, but I wonder how all of these people out of work are supporting themselves - with EBT, foodstamps, begging on the freeway ramps?

    I think I'll be "participating" for the rest of my life.
     
  5. InTheLight

    InTheLight Well-Known Member
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    We've discussed this many times before. There are conflicting opinions from economists as to how much of a factor retiring baby boomers have on these numbers. One prominent economist says 80% of these people are retirees. Another says up to half are because of retirees. 10,000 people a day are retiring. One thing for sure, the majority of these people are not the chronically unemployed who can't find work.
     
  6. Revmitchell

    Revmitchell Well-Known Member
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    Wrong..................
     
  7. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    wrong......
     
  8. InTheLight

    InTheLight Well-Known Member
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