Dale Smith
Platinum Member
I said LEVEL and you respond about the RATE. Do you not know the difference or were you intentionally avoiding the question?Labor force participation is going down, even as a supposed recovery is on. This never happens btw. Instead as people see jobs are more plentiful they are drawn back into the workforce, at first becoming unemployed and then employed.
It is a mark of Obama's total failure in economic policy that people arent seeing job opportunities.
As I already showed, the Labor Force level is increasing. But not steadily, and not as fast as the adult civilian noninstitutional population level, which is why the RATE has been going down. The reason for the gap is that more people do not want or need a job, so not as many are rejoining the labor force. There are many more retired, as well, an they have a large negative impact on the rate.
Employment status of the civilian noninstitutional population, 1944 to date
In 2007, the annual average was 231,867,000 people in the civilian noninstitutional population, 146,047,000 employed (working), 7,078,000 unemployed (looking for work)
At the same time, there were 74,040,000 not working or looking for work who did not want a job, and 4,703,00 who wanted a job.
http://www.bls.gov/cps/aa2007/aat35.txt
So, 63% working 3.1% looking for work, (66% labor force participation) 31.9% did not want a job and 2% wanted a job but not looking.
Annual average for 2014 was population of 247,947,000 population, 146,305,000 employed, 2,237,000 unemployed, 85,702,000 didn't want a job, and 6,323,000 wanted but didn't look.
So 59% employed, 1% unemployed (labor force of 60%) 34.6% didn't want a job, and 2.6% wanted but didn't look.
So the main reason for the drop in the labor force was more people who don't want/need a job.
That has to be the biggest pile of bullshit ever posted on this message board. You can't even address the income disparity for those that are even gainfully employed...you think that 38 percent that make less than 20k a year is a healthy economy?