Monday, October 5, 2015

RECORD 94,610,000 AMERICANS NOT IN LABOR FORCE.....ANOTHER PESKY FACT!

RECORD 94,610,000 AMERICANS NOT IN LABOR FORCE

The number of Americans not in the labor force exceeded 94 million for the second time in a row last month hitting a new record high, according to new government data released Friday morning.

The Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks.

The number of individuals out of the work force last month — due to discouragement, retirement or otherwise — represented a substantial 579,000 person increase over the most recent record, hit in August, of 94,031,000 people out of the workforce.

While the prior two months saw a labor force participation rate of 62.2 percent, September's participation rate dropped to 62.4 percent, matching the lowest level seen since October 1977.

THE REAL UNEMPLOYMENT RATE IS NORTH OF 12%, DON'T BELIEVE OFFICIAL GOVERNMENT LIES!

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