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91.5 Million Americans Not Working Who’s Unemployment Benefits Have Expired: This Number Is Not Allowed In Obama’s Unemployment Calculations Which Is Not Broadcasted For Public Knowledge!

The Bureau of Labor Statistics released Octobers numbers for people not participating in the workforce at 91,541,000 people. This is an increase of 11 Million people since Obama took office who are not in the labor force. Obama was going to be laser-focused on creating jobs and prosperity. Where are those jobs?

obamaunemploymentmath.jpg?w=700

10 Uncomfortable Truths About The Growing Unemployment Crisis In America

#1 The percentage of working age Americans with a job fell to 58.3 percent in October. The lowest that number has been at any point since the year 2000 is 58.2 percent. In other words, there has been absolutely no “jobs recovery”. During the last recession, the civilian employment-population ratio dropped from about 63 percent to below 59 percent and it has stayed there for 50 months in a row. Will the percentage of working age Americans with a job soon drop below the 58 percent mark?…

Employment-Population-Ratio-November-201

#2 The U.S. economy lost 623,000 full-time jobs last month. But we are being told to believe that the economy is actually getting “better”.

#3 The number of American women with a job fell by 357,000 during the month of October.

#4 The average duration of unemployment in October 2013 was nearly three times as long as it was in October 2000.

#5 The number of Americans “not in the labor force” increased by an astounding 932,000 during October. In other words, the Obama administration would have us believe that nearly a million people “disappeared” from the U.S. labor force in a single month.

#6 The number of Americans “not in the labor force” has grown by more than 11 million since Barack Obama first entered the White House.

#7 In October, the U.S. labor force participation rate fell from 63.2 percent to 62.8 percent. It is now the lowest that it has been since 1978. Below is a chart which shows how the labor force participation rate has been steadily declining since the year 2000. How can the economy be “healthy” if the percentage of Americans that are participating in the labor force is continually declining?…

Labor-Force-Participation-Rate-425x255.p

#8 If the labor force participation rate was still at the same level it was at when Barack Obama was elected in 2008, the official unemployment rate would be about 11 percent right now.

#9 Even if you are working, that does not mean that you are able to take care of yourself and your family without any help. In fact, approximately one out of every four part-time workers in America is living below the poverty line.

#10 In January 2000, there were 75 million working age Americans that did not have a job. Today, there are 102 million working age Americans that do not have a job.

A record high 91,541,000 Americans did not participate in the labor force this October.

According to data from the Bureau of Labor Statistics (BLS), 932,000 people dropped out of the labor force last month, from at total of 90,609,000 in September to 91,541,000 in October.

The BLS defines a person “[n]ot in the labor force” as age 16 and older who are not employed and not considered to be unemployed as they have not looked for work in the four weeks prior to the survey. The labor force participation rateicon1.png — or all employed and unemployed people — in accordance with the decline, also hit a record low at 62.8 percent.

When President Obama took office in January 2009, the labor force participation rate was 65.7 percent.

From January 2009 to October 2013, more than 11 million people have dropped out of the labor force — from 80,507,000 to October’s 91,541,000.

The economic blog Zero Hedge notes that at the current rate, the number of people not participating in the labor force could exceed those working in about four years.

 

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