Our Ever Shrinking Workforce

by Ryan on September 6, 2013

in Economy

According to the Bureau of Labor Statistics, roughly 90,473,000 Americans weren’t working in August (the highest number ever), meaning that we have a meager 63.2% labor participation rate.  That’s the lowest it’s been since the years of Jimmy Carter.  Yet, using Washington math, the unemployment rate dropped to 7.3% — only in DC could it be that when less people work, unemployment drops!

It seems like Obamanomics is slowly but surely finishing the job of turning our economy from one dominated by makers (“producers” in Andrew Wilkow‘s lexicon) into one of takers (or “recipients” to Wilkow).  That’s great if you’re in the big government entitlement business, but not so good if you live on Main Street.

{ 1 trackback }

A Poorer New Jersey | Axis of Right
September 8, 2013 at 6:10 pm

{ 0 comments… add one now }

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Previous post:

Next post: