That's why congress, led by the criminal bama, has borrowed 10 Trillion dollars since 2009!!! Read it and weep-socialism is other peoples' money!! Capital creates jobs/markets and produces taxes-this is sabotage by the bama and leftists gangsters, Dostoevsky's Demons-meanwhile they line their own pockets, don't they?
Labor Force Participation Rate Dropped to 62.8% In April: 94,044,000 Out
A sign at a Pittsburgh job fair earlier this year. (AP Photo/ Keith Srakocic)
(CNSNews.com) - The number of Americans not in the labor force last month totaled 94,044,000, 562,000 more than in March -- and the labor force participation rate dropped to 62.8 percent (near a 38-year low), following four straight months of slight improvement.
When President Obama took office in Janaury 2009, the labor force partipation rate was 65.7 percent, after hovering in the 66-67 percent range for much of the George W. Bush presidency.
The recession inherited by the Obama administration officially ended in June 2009, but the labor force participation rate continued to drop during Obama's two terms, hitting 62.4 percent in September 2015, its lowest point in 38 years.
The Bureau of Labor Statistics says the economy added 160,000 jobs in April (compared with 215,000 in March). Over the prior 12 months, employment growth had averaged 232,000 per month.
The April unemployment rate held steady at 5.0 percent. (It was also 5.0 percent in March, up a tenth of a point from the 4.9 percent in January and February.)
In April, according to the Labor Department's Bureau of Labor Statistics, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 252,969,000. Of those, 158,924,000 participated in the labor force by either holding a job or actively seeking one.
The 158,924,000 who participated in the labor force equaled 62.8 percent of the 252,969,000 civilian noninstitutional population.
The Bureau of Labor Statistics counted 5,793,000 people in April as "persons who currently want a job," up from 5,712,000 in March.
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lets hope "some of them "out of workers " find something more productive in their lifes , not just being worker bee"slave" to the system...............and find calling into thriving eco-friendly industries...............