© APPresident Obama introduces his jobs plan in October 2012 in Delray, Fla., one month before he was re-elected.
This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks.
That is up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April.
In June, according to BLS, the labor force participation rate for Americans was 62.8 percent, matching a 36-year low. The participation rate is the percentage of the population that either has a job or actively sought one in the last four weeks.
In December, April, May, and now June, the labor force participation rate has been 62.8 percent.
Before December, the last time the labor force participation rate sank as low as 62.8 percent was in February 1978, when it was also 62.8 percent. At that time, Jimmy Carter was president.
At no time during the presidencies of Ronald Reagan, George H.W. Bush, Bill Clinton or George W. Bush, did such a small percentage of the civilian non-institutional population either hold a job or at least actively seek one.
While the number of Americans not in the labor force increased, the unemployment rate dropped -- from 6.3 percent in April to 6.1 percent in June.
and full employment down over 500,00 while part timer work is up almost 800,000.... so it's no wonder the economy is going South slowly.... all those trillions, most of which are sitting in the Fed's accounts propping up the banks balance sheets and collecting a small amount of interest.... as most companies don't want to borrow money becomes they either don't need it in a declining economy, or they can issue bonds themselves at a low rate.... and then buy buy their shares to make their declining income look better than it really is... when compared to previous quarters/years... so the debt levels keep increasing.... more and more in part-time work... as the Fed pushed up the stock market with their bailouts, QEs and POMO(Permanent Open Market Operations).... simply buying up the market themselves as futures exploitation isnt getting the job done like it used to.... and the illusion has to be propped up at any cost....what's a few more trillion when it all comes crashing down and a NWO currency based in SDR (special drawing rights through IMF/World Bank) gets put in place... only the stupid sheep will be caught with dollars in those bank accounts, and sheep are meant to be consumed.... it's a biblical tradition!
TRADITION !!! TRADITION !!!
If I was a rich man.... keep dreaming sheep, keep dreaming.... as the PTB slice your throat for their sacrificial meal.
Have trouble sleeping with all the nightmarish activity going on around you? Then pop some more pills and forget all your troubles.... dream, sheep, dream... just as our economic prostitutes whisper little lies in your ears.... golden promises that never come true.