WH Press Secretary Jay Carney: People Dropping Out of Workforce Is “Economic Positive”


Another 1.2 million people dropped out the US workforce in January, a record. If you add back in the 5 million people who have permanently dropped out the labor force, as reflected in the historical average workforce participations rates, the “implied” unemployment rate would be 11.5 percent and rising, not falling. (Free Republic)

White House Secretary Jay Carney told reporters today that the millions of people dropping out of the workforce is an “economic positive.”
NewsOK reported, via Weasel Zippers:

White House Press Secretary Jay Carney explained that the number of people dropping out of the work force, which artificially depresses the unemployment rate, can be regarded as an “economic positive.”

“A lot of that is due to younger people getting more of an education, which is an economic positive,” Carney said. He had been asked what would happen when people “inevitably” raise the unemployment rating with their return to the work force.

He also noted that “an aging population” going into retirement has contributed to the number of people dropping out of the work force.

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  • bg
  • patman

    Not shopping for bread will leave more on the shelves. And that’s good, right?

  • Govt Lies

    He also noted that “an aging population” going into retirement has contributed to the number of people dropping out of the work force.
    **********************

    http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Labor%20Force%20Part%20Rate.jpg

  • Militant Conservative

    Evil is upon us, it’s name is Obama.

    We are in rare times. Keep the faith.

    Powder is dry.

    That’s right, clinging to my guns and religion.

  • bg

    ++

    just a reminder..

    back-door tax increase..

    ==

  • Not to worry

    The true Church will be gone soon.

  • tarpon

    OK, I think it’s really called how stupid are you …

  • http://www.eaglesup.us USMCdaughter1

    An economic positive will be when the entire administration drops out of work 😉

  • Redwine

    This is the essence of the Cloward-Piven strategy to accelerate social upheaval to collapse society right into the waiting tentacles of an all-powerful, centralized government, that is, a totalitarian state.

    Ameritopia – read it.

  • StrangernFiction

    And we need to nominate a statist to win this election?

    How anyone can argue this and believe this country isn’t finished is beyond me. But I’m sure many do.

  • donh

    and suicide is painless….70 year olds swallowing the red pill will also be “economic positive”…>> http://youtu.be/BVUXPjFWfX4

  • bigL

    the carnival is minus it barker-tha main carney

  • Babsy

    Carney. Idiot. But I repeat myself.

  • http://www.nebraska-patriot.com NebraskaPatriot

    Think about this:

    the population of Dallas is approximately 1.2 million

    so basically we had the equivalent of the population of Dallas drop out of the workforce last year.

    Man, I’m feeling that Hope and Change . . .

  • http://www.zazzle.com/reasbey Bastiat Fan

    Once, dear Lord, JUST ONCE I’d love to hear a so-called “journalist” ask Carney if he actually BELIEVES the crap that comes out of his own mouth.

  • Blackbird

    And these are the same people that are inches from grabbing the entire healthcare industry in America. Think about it.

  • http://biggovernment.com gosh!

    Odummer’s waterboy………..needs a head-check……….does he really think that anyone believes this {BS]. he’s trying to sell……..Only in Odummer’s world could being unemployed and collecting foodstamps be considered “economic positive”………just sayin

  • jd

    so…people are staying out of the workforce due to their being no jobs. and it’s a positive?

  • Kate

    Why would anyone support this administration? Just how stupid would you have to be to buy their BS?

  • valerie

    Of course it’s an “economic positive” — because that’s what they had to use to get a “positive” outcome for their purposes.

    The present administration can’t do any math, but we can.

  • Texas_Treeroach

    Carney’s “educational pursuit” argument designed to explain the LFPR (Labor Force Participation Rate) sounds a lot like claiming that you’ve cured your roach problem in the house because you’re collecting open garbage in the garage — A snot-nosed WH press spokesman working for a snot-nosed President.

    Makes me laugh ever day.

  • west1890

    I’m just thinkin this idiot thinks we are bigger idiots than he is. People retirement age can’t afford to retire if they have a job. They’ll probably have to work until they drop dead. How does this guy look at himself in the mirror every morning? Welcome to Obama’s America….

  • no man

    Woe to him who calls evil good, and good evil.

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  • Marmo

    White House Press Secretary Jay Carney explained that the number of people dropping out of the work force, which artificially depresses the unemployment rate, can be regarded as an “economic positive.”

    Has anyone else noticed how the supplies of Soylent Green have increased substantially lately?

  • Fuquay Steve

    Getting obama out of power is definitely an economic positive.

  • Mitch Rapp

    AND, furthermore If we toss all our cookies we can increase VOLUME
    AND, If we sell Solar Energy at 9 cents a kwh that costs us $1.00 a kwh we can make a lot of money getting Obama subsidies

    GREAT DEALS all

    STUPID IS AS STUPID DOES and Obama is Surrounded by Stupidity

  • Ausonius

    It is considerably worse than the article reveals. I’ve spent the afternoon reviewing the Department of Labor Employment Situation reports for the past few years and here is what their numbers say (when looking at raw data, not the seasononally-adjusted numbers):

    Since January of 2009:
    The civilian noninstitutional population has risen 7.5 million
    The number of full-time jobs has dropped by 1.7 million
    The number of part-time jobs has increased by 1.2 million
    The number not included in the labor force any longer has increased by 7.5 million
    The labor participation rate has dropped by 2.0% to 63.4%
    The employment ratio has dropped by 2.0% to 57.8%

    Stunning that someone could pump these in a fashion to make it appear positive.

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  • http://mainfo.blogspot.com/ [email protected]

    Obama and his cronies MUST get the pink slip in Nov 2012. A pet rock would make a better president.

  • navtechie

    Elixir: No. The spectator article does not disprove the drop in labor participation.

    http://market-ticker.org/akcs-www?post=201495

  • Blacque Jacques Shellacque

    He also noted that “an aging population” going into retirement has contributed to the number of people dropping out of the work force.

    Crikes, talk about clueless…

  • dunce

    What is the perfect number? If more dropping out of the work force is good then more dropping out is better but everyone dropping out can not be good. Why did this genius community organizer not reveal the magic number so that businesses can lay off enough people to reach it with advice from leftists as to which people to fire. Of course no govt. or union members will be on the better off without list. reductio ad absurdum.

  • gnafu

    Is Carney on drugs? My math and reasoning does not come up with his results.

  • lizzy84

    Jay Carney, spokesperson for the political carnival.. how appropriate. Forget faith in government. Nobody believes anything these morons say anymore.

    http://soberlook.com/2012/02/employment-participation-rate-shows.html

  • http://none tommy mc donnell

    we have a presidential spokesman that uses newspeak.

  • Molon Labe

    #27

    Thread winner!

    Can you stuff of the soylent down Exilir’s throat to make him stop braying?

  • Molon Labe

    Using this logic politicians leaving DC would also be beneficial to the economy. How about having Dear Leader, his party and the cocktail party vamoosing for Cuba or North Korea where their perfect governments reside.

  • DavidD

    Hey, maybe he’s onto something. Why, if we all dropped out of the labor force, unemployment would fall to zero.

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  • Obama’s Magic Kool Aid

    Well young people have opted out of the Wall Street myth of hard work to persue artistic endeavors and remaking urban nastiness into rural glory. Just look at the wonders the OWS movement has achieved in its back to the nature movement.

    And people are retiring early to enjoy relaxation, foodstamps and camping out in their cars and swer grates! Obama has done wonderful things and will continue to insure that new values are imposed on the unthinking masses and proles with the help of progressive comrades like Elixir.

    Hail Obama! Hail the People’s Paradise! Hail Progressives!

  • http://none tommy mc donnell

    i wouldn’t get too exicited about this if i were you. i see a potential problem with this. it the people dropping out of the job market go on or stay on unemployment then its houston we’ve got a problem.

    we all know that the best way to stimulate the economy is unemployment checks(nancy pelosi). we all know that unemployment checks are one one of the best ways to create jobs(joe biden). if these dropouts use their unemployment checks to stimulate the economy, that will create more jobs and then fewer people will drop out of the workforce. and thats a negative for the economy.

    i surprised that jay didn’t think of this. he and i went to the same school of economics; lincoln tech.

  • Obama’s Magic Kool Aid

    We all know these running dogs of Wall Street will say anything to smear the image of the great and good Obama. Typical is the nonsense that Zero Hedge spouts about the glorious record of the Fearless Leader’s record. I post this to show the many lies, omissions, and go to any length that these racists will go to:

    A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by anunprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.

    Now comrades we all know we are in a period of unprecedented prosperity and the future looks even brighter. Who will you believe the Fearless Leader Hussain or your lying eyes?

  • Jd

    #38 wins!

    Am trying to retread 1984. I keep putting it down out of horror

  • Jd

    “reread”

  • bear

    elixer and carney are proof of inbreeding in Baghdad Bob’s family.

  • sistrum

    JD – The administration is trying to “retread” 1984, so even if it’s a typo it’s not quite a non sequitur.

  • Hal Duston

    The civilian labor force participation rate peaked at 67.33% in Feb of 2000, while the employment-population ration peaked at 64.74% in Apr of 2000. Both have been steadily trending down since then. The labor force participation rate hovered just under 60% from 1948 until Jun of 1969 when it crossed over 60% eventually climbing to the 64.74% peak in Apr of 2000. I am wondering if it is merely returning to historic levels.

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  • Obama’s Magic Kool Aid

    Comrades everything is wonderful. How can it not be when the Maximum Leader’s checkbook still has checks? More people are enjoying permanent vacations and enjoying foodstamps. Isn’t life wonderful? Don’t you wish there could be a Reichstag fire and the people proclaim the Maximum Leader head of state for life? Rejoice comrades, Barrack is working “under the radar” even now.

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  • http://none tommy mc donnell

    #50…not unless women are staying home to raise their children.

  • squeaky

    this comes to mind every now and then whenever i think obama’s end game is to cut us off at the knees. is she still in the administration and if so can you imagine Bush having such a person who could so easily make the case for a mass downsize of the population.
    http://a12iggymomsblog.blogspot.com/2011/05/who-is-mystery-woman-audrey-tomason-her.html

  • RedBeard

    I’ve always wondered whether Carney really enjoys being Obama’s designated liar, or if he’s just mindlessly following orders like a good little party apparatchik.

  • OldSailor

    “A lot of that is due to younger people getting more of an education, which is an economic positive,” Carney said. He had been asked what would happen when people “inevitably” raise the unemployment rating with their return to the work force.

    He also noted that “an aging population” going into retirement has contributed to the number of people dropping out of the work force.”

    Carney and his boss are so full of krap their eyes are brown. November can’t come soon enough for me.

  • mg4us

    An “economic positive” is when Carney and Obama are sent packing and a real leader becomes President

  • Chris in N.Va.

    Looking forward to delivering an “economic positive” to Carnival Carney and his Obamessiah.

    Let’s make a “positive” statement in November!!!

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  • John

    IS this man playing the “Tinman” from the “Wizard of Oz” searching for a brain?
    Is he really that clueless to reality?

    “Bagdad Bob” from “Desert Storm” had more to do with reality that this fool. I never even heard of him before he took over be propagandist for the White Hous has he always been this clueless? Does he live in the same world as the rest of us?

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  • hal duston

    #54 … And indeed it appears so. The Labor Force Participation Rate for Men has been dropping steadily over the entire duration from 1948 to present, from a high of 87.4% to 70.3% today. The Labor Force Participation Rate for Women climed steadily from 32.0% in 1948 to peak at 60.3% in 2000, and has since dropped back to 57.6% today. I looked and this same pattern holds for White, Black or African American as well as Hispanic or Latino.

  • burt

    In the Soviet Union women worked as garbage collecctors and that was pointed to as a good thing. Women, you voted for him in hugh numbers. I hope you are happy.

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