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Sunday, January 20, 2013

Fun Fact Of The Day: 8,332,000 Americans Dropped Out Of The Workforce During Obama’s First Term…

[Unemployment figures as usually reported do not include those who have been unemployed for many months and/or have stopped looking for work because they're tired of hitting their heads against a wall.  This is how many there are, compared to 4 years ago.]

 Reposted from Weasel Zippers:

"(CNSNews.com) – The number of Americans age 16 or older who decided not to work or even to seek a job increased by 8,332,000 to a record 88,839,000 in President Barack Obama’s first term, according to the Bureau of Labor Statistics.

"The increase in Americans opting out of the labor force during Obama’s first term resulted in a decrease in the labor force participation rate from 65.7 percent in January 2009, the month Obama was first inaugurated, to 63.6 percent in December 2012, the latest month reported. Before Obama took office, the labor force participation rate had not been as low as 63.6 percent since 1981, the year President Ronald Reagan took over from President Jimmy Carter.

"To be in the labor force a person must either have a job or actively sought one in the previous four weeks.

"When Obama was inaugurated in January 2009, there were 80,507,000 American civilians age 16 or older who did not have a job or seek one. In December 2012, there were 88,839,000—thus, the increase of 8,332,000."


Tags: Unemployment, "depressed" unemployed, Obama, Reagan, Carter, Weasel Zippers.  Please mention / link to the Conservative Observer AZ. Thanks!

2 comments:

  1. What do you mean this won't be reported by the MSM.

    ReplyDelete
    Replies
    1. Hard to believe, but it might make The One look bad. In this case, unemployment at 7.8% looks better since these 8M people are no longer counted as part of the workforce. The true number is around 12-13%.

      Delete

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