The Phaserl


Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

by Michael Snyder, The Economic Collapse Blog:

The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation.  For the month of September, the federal government told us that 142,000 jobs were added to the economy.  If that was actually true, that would barely be enough to keep up with population growth.  Sadly, the truth is that the real numbers were actually far worse than that.  The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a millionAmericans to the “not in the labor force” category.  When I first saw that number I truly believed that it was inaccurate.  But you can find the raw figures right here.  According to the Obama administration, there are currently 7.9 million Americans that are “officially unemployed” and another 94.7 million working age Americans that are “not in the labor force”.  That gives us a grand total of 102.6 million working age Americans that do not have a job right now.

That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude.

This is something that my friend Mac Slavo pointed out the other day.  I encourage you to read his analysis right here.  If we measured unemployment the way that we did decades ago, we would all be talking about how similar Obama’s economy is to the Great Depression of the 1930s.

But instead we let the feds get away with feeding us this completely fraudulent “5.1 percent” unemployment number and most of us believe the mainstream media when they tell us that everything is just fine.

Well no, everything is not just fine.  At this point, the labor force participation rate is the lowest that it has been since 1977.  And the labor force participation rate for men is at the lowest level ever recorded.  The only way that the federal government has been able to get the official unemployment rate to go down so much is by pretending that hundreds of thousands of Americans that have been unemployed for a very long time “leave the labor force” each month.

The chart posted below shows how our labor force participation rate has deteriorated since the year 2000.  And in particular, the decline since Obama first entered the White House has been very striking.  Does this look like a “healthy economy” to you?…

Labor Force Participation Rate October 2015

To me, the civilian employment-population ratio is a far more accurate measurement of the employment picture in America than the official unemployment rate is.  Just prior to the last recession, approximately 63 percent of all working age Americans had a job.  During that recession, that figure slipped below 59 percent and it stayed there for several years.  Just recently it slipped back above 59 percent, but as you can see we are now falling once again…

Employment Population Ratio October 2015

The reason this number is falling is because lots of Americans have been losing jobs lately.

In fact, we are seeing layoffs at major firms at a level that we have not witnessed since 2009

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5 comments to Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

  • Craig escaped from Detroit

    So, when you take the 62.x% percent NOT in the labor force, and also remove the 5.x% who are “unemployed-collecting an unemployment check but NOT counted as “not in workforce”, and remove another percent for those “in school-the college scam merry-go-round”, and subtract another 1 or 3 percent who are “looking for work” (but NOT registered & up to date with the jobs registry data base)….

    We end up with a genuine, honest 40%+ of WORKING age Americans do NOT have JOBS.

    When people “sign up” for the “seeking work database”, they are added to the jobless numbers in the Labor Force Participation Rate.

    More than 100 million Americans without jobs. The CRASH (and violent poverty is coming down the tracks, and the only ticket OFF the “Train of death” is gold, silver, and gardens.

  • Craig escaped from Detroit

    Oh did I ever mistype what I said,, I reversed my words,, the 62.x% is WORKING,, it is NOT the “non working” number. Sorry for the EARLY morning FOGGINESS.

    I forgot to SUBTRACT the 62.x% WORKING from 100% available to end up with 37.x% NOT in the Labor Force.

    OK,, I hope you forgive me and not mad at me anymore.

    I really wish that SGT-Sean’s Website designers, would add a feature to the Comments section that allows the ORIGINAL POSTER to edit his pre-existing posts, so people like ME could fix our mistakes when they hit us in the face AFTER we post it.

  • glitter 1

    I was scrolling through our movie menu the other night and came across one I haven’t seen since 8th grade,where it was shown to us.It was The Grapes Of Wrath.While watching it I was moved by the misery factor of the story and what it would be like to have to endure what those families went through.Then I began to wonder what it would/could be like to have the US experience this type event again,is it really possible?What a terrible contemplation that yes it is possible.During the Depression 55% of Americans lived on the farm and/or had the ability to sustain themselves.Today that percentage is around 5%.The potential exists that if we do in fact have a financial conflagration in this country it will be ugly beyond what any of us can imagine and there will be massive untold death.We have become slaves and subservient to our technologies,trappings of modern society life styles,and “just in time delivery” supply chain system.There are some lessons to be learned/relearned by watching that movie if nothing other than taking stock of all our many blessings we all take for granted today.

  • JMiller

    About half of those 94 million “not in the labor force” are school students, housewives, retired persons and disabled persons. They are not available for full-time employment and should not be counted in the unemployment rate. These types of people were never counted in the unemployment rate in the past and there is no reason to include them today as some people are erroneously doing. The unemployment rate is more like 23% according to ShadowStats.

  • Eric

    And a lot of them are whiny babies with very few skills, a big sense of entitlement, and afraid to get their hands dirty.

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