THANKS OBAMA! Number Of Americans Not In Labor Force Hits RECORD HIGH OF 95 MILLION
The media constantly covers for Obama by touting the low unemployment rate but it’s a big sham. The only reason the unemployment rate looks decent is because so many Americans have left the workforce and aren’t counted.
If you figured those people into the picture, the real unemployment rate would be close to 10 percent. This is a fact even left winger Bernie Sanders frequently acknowledged while campaigning.
Now the number of people not in the workforce has hit the all time high of 95 million. In a country with a population of around 300 million people, that’s almost a third of the population.
The Washington Free Beacon reports:
New Record: Americans Not in Labor Force Breaks 95 Million for First Time
The number of Americans not participating in the labor force hit a new record in November, exceeding 95 million for the first time, according to the latest numbers released by the Bureau of Labor Statistics.
In November, there were 95,055,000 Americans not in the labor force, an increase of 446,000 people from the previous month.
The bureau counts those not in the labor force as people who do not have a job and did not actively seek one in the past four weeks.
The labor force participation rate, which is the percentage of the population that has a job or actively looked for one in the past month, declined from 62.8 percent in October to 62.7 percent in November.
The unemployment rate for all Americans declined from 4.9 percent in October to 4.6 percent in November. This measure does not account for those individuals who have dropped out of the labor force and simply measures the percent of those who did not have a job but actively sought one over the month.
Remember this the next time some liberal Obama cheerleader in the media talks about how great Obama has been for jobs. It’s all a lie.