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People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels

Posted By admin On April 5, 2013 @ 10:08 am In Featured Stories,Tile | Comments Disabled

Zero Hedge [1]
April 5, 2013

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks [2], than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is “improving.”

People not in labor force:

People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels Labor%20Force 0 [3]

Labor participation rate:

People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels Labor%20Force%20Rate 0 [4]


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URL to article: http://www.prisonplanet.com/people-not-in-labor-force-soar-by-663000-to-90-million-labor-force-participation-rate-at-1979-levels.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-04-05/people-not-labor-force-soar-663000-90-million-labor-force-participation-rate-1979-le

[2] collect disability and various welfare and entitlement checks: http://www.zerohedge.com/news/2012-11-27/when-work-punished-tragedy-americas-welfare-state

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Labor%20Force.jpg

[4] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Labor%20Force%20Rate.jpg

[5] Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low: http://www.prisonplanet.com/record-1-2-million-people-fall-out-of-labor-force-in-one-month-labor-force-participation-rate-tumbles-to-fresh-30-year-low.html

[6] Labor Force Participation Rate Drops To Fresh 25 Year Low, Adjusted Unemployment Rate At 11.7%: http://www.prisonplanet.com/labor-force-participation-rate-drops-to-fresh-25-year-low-adjusted-unemployment-rate-at-11-7.html

[7] Persons Not In Labor Force Who Want Job Now Jumps To All Time Record; Real Unemployment Rate At 12.8%: http://www.prisonplanet.com/persons-not-in-labor-force-who-want-job-now-jumps-to-all-time-record-real-unemployment-rate-at-12-8.html

[8] Record 89,304,000 Americans ‘Not in Labor Force’ — 296,000 Fewer Employed Since January: http://www.prisonplanet.com/record-89304000-americans-not-in-labor-force-296000-fewer-employed-since-january.html

[9] 169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up: http://www.prisonplanet.com/169000-americans-drop-out-of-labor-force-in-january-as-unemployment-ticks-up.html

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