Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May
By Susan Jones | June 3, 2016 | 8:49 AM EDT
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The unemployment rate in May dropped to 4.7 percent, BLS reported, less than half of its Obama-era high of 10 percent in October 2009. But the labor force participation rate has deteriorated over Obama’s two terms.(AP File Photo)
(CNSNews.com) – A record 94,708,000 Americans were not in the labor force in May — 664,000 more than in April — and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department’s Bureau of Labor Statistics reported on Friday.
When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce — some of them retiring and some just quitting because they can’t find work.
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Tell me again how the economy is “improving”?
When will “We, The Sheeple” wake up to the fact that the “books are cooked”?
How do we reverse the trend, smaller Gooferment every time at all times.
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